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TukkaNomist
Feb 22, 2023 2:21 PM

Ready for upmove ? Long

India 10 Year Government Bonds YieldTVC

Description

Triangle is being formed in 10Y GOI. Upside breakout is likely in coming 4-6 weeks.

Disc: It's not a recommendation to buy or sell. Do your research.
Comments
KrishnaLohani
If it breaks the triangle towards up then equity market will fall and commodity market too because inflation is rising? Right
TukkaNomist
@KrishnaLohani, Ideally it should happen because of the increased cost of borrowing for corporates and increased probability of default in personal loan. Things can be different if real GDP increased in the same proportion of inflation which means inflation cost is being accounted in every way .
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