What makes this interesting are the break-out attempts as soon as Narendra Modi was announced as BJP prime ministerial candidate, and real break out during the election season - opinion polls and campaigning. We all know that the results were not a big surprise, just the non-dependence on allies of NDA II was the surprise. Who would have thought, behind such a political upheaval, there would be a simple chartist explanation !!
This idea is the first in series of three historical patterns observed on Nifty . Please feel free to share our comments / opinions.