It doesnât have to be 1 event or a single crash but a generalized slowdown⌠For example AI led crash of IT and IT professionals losing income would trickle down to real estate prices, defaults and much more. INR is already getting toasted. With losing service exports we might in for even more. NIFTY can structurally become bearish.
Bro if we think about what can happen, then anything can happen.
Our job is to analyze the market based on patterns which work. And what I told you about moving averages is working since 30 years.
There are many other reasons, but thats the most important one. And even investors (not only traders) should follow that indicator.
Even in covid we did go below that 200WEMA. Right? So below 22k is still possible. If history were to repeat itself then we bounce again.
Yes COVID it went below that, coz after the 2008 crash, it touched it 2 times (in 2012 and 2015). Please go and check charts.
This time it wont break. Any major support NEVER breaks on first attempt.
This is first time since COVID crash, that 200 WMA is touched by Nifty. Thatâs how i know it wont break this time.
Whatâs the possibility of nifty going to 30k?
Every week we spend above 22k, EMA keeps going up. So where exactly is it right now?
Nifty will hit 30K within next one year
Possibility - 99%
I keep 1% for market everytime to surprise me hehe
And I thought I was the most bullish person here on this forum. ![]()
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So if we donât get to 30k, we can share the trolls. ![]()
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The market is an average of most smart and most dumb people. Lets see.
I belong to the latter. ![]()
We both brother.
Guess Iâm the most smart then.
Cant be more bullish than this. This guy will do buy the dips even if we have a wasteland outside - because of EMA.
You know it better.
We will find more traders getting bullish when we come closer to 30k ![]()
U.S. sells 30-year Treasuries at 5% for the first time since 2007.
Difference of just 2.5%-3% from bond yields in India.
I tried to become Investor Yesterday ( Bullish) , but Today that stock went in to water even after a recovery in Indices , Now Fingers crossed , Bullish x Bearish ![]()
I prefer index or mutual fund. By picking stocks I donât think I can beat the index. Then why simply break my head on stocks.
Donât forget me.
Whatâs your target?