Nifty - An analysis of historical major correction patterns in monthly charts.
a) 305% upmove followed by -64% (ratio 4.8)
b) 145% upmove followed by -28% (ratio 5.2)
c) 93% upmove followed by -26% (ratio 3.6)
d) 56% upmove followed by ____ ? (ratio 3.6 to 5.2)
ie -17.5% to -10.8%
ie 11170 (1-17.5%) to 11170(1-10.8%)
ie 9215 to 9963
This is just an analysis based on historical behaviour; not necessarily my opinion.
a) 305% upmove followed by -64% (ratio 4.8)
b) 145% upmove followed by -28% (ratio 5.2)
c) 93% upmove followed by -26% (ratio 3.6)
d) 56% upmove followed by ____ ? (ratio 3.6 to 5.2)
ie -17.5% to -10.8%
ie 11170 (1-17.5%) to 11170(1-10.8%)
ie 9215 to 9963
This is just an analysis based on historical behaviour; not necessarily my opinion.
Trading is my passion.