VisibleBeer7

3 Black Crows In NIFTY On Monthly Time Frame

Short
NSE:NIFTY   Nifty 50 Index
If Nifty March Give Closing Below 17255 ( Spot ) Then With SL Of Monthly Close Above 18135( Spot ) I'm Calling A Big Recession.

The same chart pattern formed in Dec 1994 and that time high of Nov 1994 broken in July 1999.
it means that time market went into weakness for 4 Years and 8 Months.

This time situation is extremely worse. My expectation is if 3 Black Crows activate then we might fall 40-50% in coming months & years.


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