I don't think there is a need for even more beautiful setup than this in NIFTY 50 to take off...
The rise from 7500 to 18600 just gave the momentum on the runway for NIFTY 50 to takeoff...
Many people are still afraid that NIFTY 50 will fall from here to 14000 levels....But this is the common fear in the beginning of the bull market...One day these bears will also turn into bulls and you know what will happen :)
NIFTY is forming A-B-C correction and we are in B wave ...Once we complete C corrective wave then NIFTY will continue it's bull run (2022's RETURN WILL BE BETTER THAN 2021 :) )
FOLLOW me for more such content ahead...Till then, HAPPY TRADING :)
@keshevdugar0210, I read your description" NIFTY is forming A-B-C correction and we are in B wave ...Once we complete C corrective wave then NIFTY will continue it's bull run (2022's RETURN WILL BE BETTER THAN 2021 :) )" I would like to know how do you predict B wave why not it is still in A wave
keshevdugar
⋅
A wave is impulsive and B is a corrective wave( COUNTER WAVE)
mister_singh_0110
⋅
TBH ,I am not very bullish for 2022 exactly, this year is gonna be volatile with Bond Tapering , FED increasing interest rates along with reduction in balance sheet ,all these things will dry up the liquidity in the system and all overvalued stock would see correction and value stock will gain traction but again that's my point of view,you're more than welcome to share your thoughts & YES NIFTY will go to 25000 but not in 2022 for sure.
keshevdugar
⋅
@mister_singh_0110, Bad news is food for the bull market...By saying 2022 I meant FY23...Market knows everyting before us :)
vkalyan7
⋅
in bull market every fear is buying opportunity, in bear market every good news is sell on rise opportunity