Vishal_Pawar_1

Vishal_Pawar_1

This is my view on Nifty 50 on monthly chart. I feel we were in a long bullish run since 2000. *with the burst of Dotcom bubble, a new bullish wave started. *It had its first retracement in 2008 and then that to break the highs it took almost 5 years, but it was broken in 2013. * There was bullish move till 2019 which was 1.6 extension level and market went...

Vishal_Pawar_1

This is my view on Nifty 50 on monthly chart. I feel we were in a long bullish run since 2000. *with the burst of Dotcom bubble, a new bullish wave started. *It had its first retracement in 2008 and then that to break the highs it took almost 5 years, but it was broken in 2013. * There was bullish move till 2019 which was 1.6 extension level and market went...

Vishal_Pawar_1

As per my view with the burst of Dotcom bubble, a new bullish cycle started in Nifty and could have ended with top done in Sep-Oct last year. Bullish wave till 2008 and downfall of 2008 are considered pivotal points. With that fub extension tool was drawn and we can see that market has respected all major Fib levels. For eg. It fell from 1.6 and even in panic of...