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sacban89
Jun 22, 2021 6:30 PM

KYC - Know Your Chart - NIFTY Education

Nifty 50 IndexNSE

Description

Phases of a Market:
1. Accumulation
2. Advance
3. Distribution
4. Decline

  • This is the NIFTY during 2001-2010 decade.

    Always look for the primary trend in the broader market.

    Plan your trade accordingly.

Comments
sdatta2021
Wait what are you trying to say here ?
1. Primary trend is still bull ? or are u saying its distribution now ?
2. If bull Retracement possible at primary line ?
3. What's the timeline ?
sacban89
@sdatta2021, 1. Yes. the primary trend is bullish.
2. Yes, a retracement is pending towards he average or trendline. But, don't know when.
3. For very long term, monthly charts can be followed. For medium term, weekly charts can be followed.

If you have some other inputs, then please do share.
sdatta2021
@sacban89, thanks,nothing from end i am just wondering if we are currently still in bull run or in distribution phase
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