- The chart period is from Mar 23, 2020 till current date
- if we analyze the performance since the announcement of Lockdown, our markets have performed far better than our Asian counterpart.
- the difference is even more if we compare from the peak of 2008 highs. I remember back in 2005-2008 I use to compare Sensex and Hangseng movement (Sensex peak in 2008 around 21k and that of Hangseng around 30K)
- it use to trade approximately 50% higher than Sensex
- Now after a span of 14 years, Hangseng is at 23000 and Sensex is trading near 60000... What a stark contrast... Sensex is roughly 200% above
Note:
- This is not a trading recommendation but just posting out of my own curiosity...
- the current dynamics of our economy and that of Hangseng are completely different
- All economies start from scratch to developing to being developed. Cherish when the moments are good,
- once the economy moves in to developed state, be open to the idea that there could a time when we might not make a new high for 5 to 7 years.... ( focus on study and strengthen your research cause you will need that when the going gets tough)
Just to understand where I come from, take a look at the following charts
Germany index ( European economy)
Japan Index ( Asian economy)
Taiwan Index
These are charts of different countries/ different dynamics; but on a larger time frame what we are seeing is when time comes, history does tend to repeat itself.
Best wishes & safe trading...!!!
Let me know your views in the comment section below...!!! Will be happy to hear from you all...🙂
Feel free to share the analysis, if you feel, it would be of help 🙏🙏
