trademanthan
Short

Global Slowdown Ahead - Head & Shoulder Pattern NASDAQ vs NIFTY

NSE:NIFTY   Nifty 50 Index
Both NASDAQ and NIFTY is forming head and shoulder pattern on weekly chart and there seems to be strong correlation between these two.
Both are at top of right shoulder.

Two macro economic development
1) ECB lowers growth forecast
2) 20% down in Chinese export due to subdued demand

Liquidate positions in equity and invest into debt fund. There will be sharp and strong correction in coming weeks across global markets.
until its formed , it isnt formed or forming !! we have been assuming this since long ! . go to my chart where i posted this first! now weekly is also above 10950 a major hurdle. even of there is slow down , there is some strength in the rally !
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ALL THESE PATTERNS ARE FOR KIDS. NIFTY WILL RISE 400-500 POINTS IN NEXT WEEK. JUST WAIT AND WATCH
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jackson_philips yatharth123
@yatharth123, I second that.. If you look at most of the NIFTY50 STOCKS.. they are all in an UPTREND for the next few weeks..
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patel27 jackson_philips
@jackson_philips, what comes after uptrand ? It's downtrend ot pullback
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@patel27, i guess the downtrend wasnt coming yet... it will show itself soon though
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patel27 jackson_philips
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@patel27, hey thanx for that video.. i totally agree now
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patel27 yatharth123
@yatharth123, here is only 2 most probablity, and 1 rare. So it is 48% chance that you will be right, or 48 % chance that i will be right.
See my some of my ideas, and give valuable feedback of you in comments with your point of view
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