Here is a Nifty historical chart study with pitchfan.
Here we get a clear perspective of price swings compared to previous bull market and crashes.
The bull run that we saw from early 2016 upto to the all time high in Jan 2020 was in fact within a narrow range around the median line (red line)
Now compare this with the price swings of previous bull rallies.
Immediate support seems to the the -25% line (yellow line below red line)
I was super bullish on market and was expecting a parabolic move on the upside above the median line towards +25% line (yellow above the red line)
But turned bearish on 9 Mar 2020 when 10637 level was broken.
From this study we can expect similar move on the downside 😃✌️ Be prepared
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Here we get a clear perspective of price swings compared to previous bull market and crashes.
The bull run that we saw from early 2016 upto to the all time high in Jan 2020 was in fact within a narrow range around the median line (red line)
Now compare this with the price swings of previous bull rallies.
Immediate support seems to the the -25% line (yellow line below red line)
I was super bullish on market and was expecting a parabolic move on the upside above the median line towards +25% line (yellow above the red line)
But turned bearish on 9 Mar 2020 when 10637 level was broken.
From this study we can expect similar move on the downside 😃✌️ Be prepared