Can we Say that Nifty Has Bottomed out ?NSENG:NSE50
Just a Thought: Not for Trading Purpose
NIfty has been free-falling all Due to COVID 19 and the same for Gold, Commodities everything.
Chart that Nifty has the following in Pre 2008 Level and Post Market Crash in respect to USD/INR.
Similar kind of Trend can be Observed as marked inboxes.
Levels are marked for reference purpose only
Can we say that Market has Bottomed Out? Can we expect consolidation or Or Buying in Market?
Feel free to comment, open to discuss in more detail.
Marketcrash
Tata Steel -X-Wave Top @520 -Plan B Sell:Ready to Buy in 280-320Turn the Plan B - You get the biggest sell close from 520 Highs
I have already Put Question Mark for Incompleted Wave -Y that means I was still expecting this fall as suggested when the last idea on Tata Steel was published because I was waiting for Index to crash when it started moving in explosive manner on 20th Sep 2019 on account of Corporate Rate Tax Cut.
Tata's Connection which made me even stronger that Nifty rally which started from 10670 is another corrective & choppy wave as Steel is most likely to finish it's last leg in 280-320 zone.
Tata Steel Last Video Idea - Searching for Bottoms in 280/320
Wave 2 - Larger Degree Range 280-320 -
Ready to Buy the Steel which can shine like Gold as it would cross Dec 2007 High of 902 in months & years to come & travel into uncharted territory. Let time show us the shine.
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Last Time - The Bottom was picked at 190-200 : This is another stock which has emotional connection with me. Thanks