HISTORICAL BEARISH CYCLE APPROACHING NEARBY
MIDNIGHT OBSERVATION TO WATCH CLOSELY👀:-
The above chart indicates When the monthly RSI (Relative Strength Index) of the NIFTY50 reaches 80, it typically signals that the index is overbought and may be due for a correction. Historical data supports this: in 2007, 2015, and 2021, the NIFTY50 experienced significant corrections of 63.53%, 24.30%, and 18.50%, respectively after hitting such levels.
Given this context, market participants should be cautious as NIFTY50 approaches the “80 RSI mark again”. A 10-15% correction is considered normal and healthy for the market, providing opportunities for investors to accumulate high-quality stocks at lower prices. It's important not to panic during these corrections but rather to use them as strategic entry points for building a robust, long-term portfolio.
Additionally, the formation of a rising wedge pattern could indicate a potential reversal as shown in ⬆️ chart
HISTORICAL BEARISH CYCLE IS APPROACHING NEARBY SO STAY 🚨⚠️
The above chart indicates When the monthly RSI (Relative Strength Index) of the NIFTY50 reaches 80, it typically signals that the index is overbought and may be due for a correction. Historical data supports this: in 2007, 2015, and 2021, the NIFTY50 experienced significant corrections of 63.53%, 24.30%, and 18.50%, respectively after hitting such levels.
Given this context, market participants should be cautious as NIFTY50 approaches the “80 RSI mark again”. A 10-15% correction is considered normal and healthy for the market, providing opportunities for investors to accumulate high-quality stocks at lower prices. It's important not to panic during these corrections but rather to use them as strategic entry points for building a robust, long-term portfolio.
Additionally, the formation of a rising wedge pattern could indicate a potential reversal as shown in ⬆️ chart
HISTORICAL BEARISH CYCLE IS APPROACHING NEARBY SO STAY 🚨⚠️
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