NIFTY
This study of mine is based on Yearly pivot point standard. We can see why 2020 fall was extremely big and it fell till 2017 yearly missed pivot, a pivot which price didn't touch and went up.
Again we can see a missed yearly pivot in 2021 and 2022 price tested the latest yearly pivot and went up and facing resistance at previous R2 level.
This might be a sign of a big fall again.
This study is my idea, i may not be right about it. Trade with your own strategy. This is only for educational purpose.
Comment:
There is one more missed yearly pivot in the chart...Year 2014 pivot
Comment:
Not feeling good, midcap, smallcap situation is bad