India's stock market bottomed in Oct 2018,
almost two months prior to major indices bottoming in the US,
and is leading country in the 2019 price advance in world markets.
I was asked by Trader sumeetlunia here on tradingview.com
to use the "Line Break" charting method of closing price measurement
to analyse the NIFTY,the 50 stock Index for the Indian stock market.
By my eye,
I view important chart resistance litterally right ahead ,at the 9/11/18 Bar High at 11438.
A break above that high, would open the NIFTY to further chart advance back towards it's all time high reached in 2018
By following the strongest markets as leading indicators, in this case India,
one can often get a headstart on intermediate trend changes for market indices, worldwide.
NIFY LAST 11426.85.
THE_UNWIND
3/17/19
St.Patricks Day
Mountains/New York
almost two months prior to major indices bottoming in the US,
and is leading country in the 2019 price advance in world markets.
I was asked by Trader sumeetlunia here on tradingview.com
to use the "Line Break" charting method of closing price measurement
to analyse the NIFTY,the 50 stock Index for the Indian stock market.
By my eye,
I view important chart resistance litterally right ahead ,at the 9/11/18 Bar High at 11438.
A break above that high, would open the NIFTY to further chart advance back towards it's all time high reached in 2018
By following the strongest markets as leading indicators, in this case India,
one can often get a headstart on intermediate trend changes for market indices, worldwide.
NIFY LAST 11426.85.
THE_UNWIND
3/17/19
St.Patricks Day
Mountains/New York