One of the lesser mentioned index but one that has immense potential. If one looks at a longer time frame like weekly or monthly, it is hard to tell if this is SPX500 or Nifty 50 as they resembles an exceptionally strong bullish trend.
Could I be right ? I see a Head and Shoulder pattern forming with the left shoulder already formed and a possible right shoulder to be formed soon. So long as the price action stays within the black channel line, it is still bullish and a buy on dips imo.
The government has recently implemented a few initiatives like the ban of physical cash, implementation of GST, digital India, etc.
Could I be right ? I see a Head and Shoulder pattern forming with the left shoulder already formed and a possible right shoulder to be formed soon. So long as the price action stays within the black channel line, it is still bullish and a buy on dips imo.
The government has recently implemented a few initiatives like the ban of physical cash, implementation of GST, digital India, etc.
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It has nicely hit the 50% FIB level and we are monitoring the price action to see if the selling is done before taking a long position. For those who short, congrats!
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An interesting article
www.cnbc.com/2017/11...oney-into-india.html
www.cnbc.com/2017/11...oney-into-india.html
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Could this be the catalyst of more upside to come?
www.cnbc.com/2017/11...an-stanley-says.html
www.cnbc.com/2017/11...an-stanley-says.html
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Congrats to those who follow