TLT is a fund that reflects the price of bonds with a maturity of 20 years. It reflects the price of the bonds but not the yield which is inversely proportional to the price. When the interest rate increases the price decreases while when the interest rate decreases the price increases in value.
It is a highly protective asset that helps diversify portfolio...
Banknifty shows the Uptrend..
If it Break 33900 and sustain it shows big up move.
( for educational purpose only
29 apr. is Monthly and weekly expiry keep it mind )
Om Namah Shivay
The Treasury Bond has been correcting from 2nd Mar 2020. 328 days since the correction is continuing.
Have counted the wave 5 earlier and the after impulse correction from 2016. There can be difference (from different way of counting) here as the W5 could close during 2nd mar 2020.
The possible structure is depicted on chart.