After checking this chart from its last important cycle (2009) it seems to me that its uptrend has ended and as in 2008 - 2009 this year it will go through a correction ... curious 10 years later.
In cycles going down, being consistent with the way it moves.... but it will go down.
how much and when? It is difficult to say because I do not guess the future but there are supports that will most likely be touched.
As always, the R & S zones provide an opportunity to escape, where in my opinion we can see strong rebounds.
I am only taking into account the angles and the chart, I know that India is going through an important moment, nothing of that I am taking into account only a technical analysis.
Best wishes to all!!
In cycles going down, being consistent with the way it moves.... but it will go down.
how much and when? It is difficult to say because I do not guess the future but there are supports that will most likely be touched.
As always, the R & S zones provide an opportunity to escape, where in my opinion we can see strong rebounds.
I am only taking into account the angles and the chart, I know that India is going through an important moment, nothing of that I am taking into account only a technical analysis.
Best wishes to all!!
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a small adjustment.. good chances to reach 9700 near 04/19 or 06/08. Will see.
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It seems that he found the door