Nifty Recession Chart Bear Market Layout - Elliot Wave
Nifty Recession Chart Bear Market Layout - Elliot Wave
Due to the ongoing pandemic, there is a massive movement in the economy leading to high chances of Recession.
Similar to the 2008 market carsh. In 2008 market had a decline of 63% from ATH resulting in a huge housing market crash. It is evident that it takes almost 2 years for the recession period to recover.
As per the chart info, Good time to enter the market is around 5000 - 6000 level.
Also i suggest to enter short or exit market around 9000-10000 level, only if you want trade bear market and don"t forget risk reward ratio.
Due to the ongoing pandemic, there is a massive movement in the economy leading to high chances of Recession.
Similar to the 2008 market carsh. In 2008 market had a decline of 63% from ATH resulting in a huge housing market crash. It is evident that it takes almost 2 years for the recession period to recover.
As per the chart info, Good time to enter the market is around 5000 - 6000 level.
Also i suggest to enter short or exit market around 9000-10000 level, only if you want trade bear market and don"t forget risk reward ratio.
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Twitter - P3Prasad
I take all the trades based on Candlestick patterns and Support Resistance Flip checkout all my trade ideas.
I take profits along the way when trade goes in my direction. I also lower my SL.
Twitter - P3Prasad
I take all the trades based on Candlestick patterns and Support Resistance Flip checkout all my trade ideas.
I take profits along the way when trade goes in my direction. I also lower my SL.
that sell zone is 10000 level