Nifty 50 - NO MORE Corrections until 2028 (Minimum)Nifty - Quarterly Chart
To all those "Useless" Media Channels & TV Analysts who are trying to Panic retailers scaring them about a Major Correction / Crash in Nifty - everytime Nifty hits a new ATH - Here are detailed evidences to Debunk your "Bed-time" Stories
Don't waste our time giving the same reasons of Over-Heated RSI, Over-Valued Stocks and all the more the Stupid Rate Cuts from the Fed
1. To begin with - Fed has been delaying rate cuts over and over and over - and nothing happened to the market and it keeps increasing up. No one really cares about Rate cuts or not. May be on the Day of announcement - there will be a Minor Blip and that's all - Maximum - an "One-Night Stand" and nothing else
2. As per the Nifty Quarterly Chart - since 1990 till now - there has been only 2 major corrections
1. During 2007 Financial Crisis - RSI was overheated to 86.85 on Quarterly. But Remember - RSI was over 75 from Oct 2005 till Oct 2007. If RSI is supposed to work - then why was there NO corrections until Oct 2007 ? None of you will have an answer.... and Market Fell because of Financial Crisis - NOT because of RSI - will you atleast learn now ?
From Oct 2007 to Jan 2009 - Market corrected 52% and RSI fell 43% (This was the Only time in the 34 year history where Market fall was more than RSI fall)
2. Between Jan 2015 to Apr 2016 - Market Fell -9% and RSI fell -14% when the so called Overheated RSI fell from 77 levels
3. Between Dec 2019 to Apr 2020 - Market fell -30% and RSI fell -41%. And again its NOT because of the Over-Rated RSI indicator getting Over Heated, but rather due to Covid
4. Between Jan 2022 to Jul 2022 - Market Fell -11% and RSI fell -14%. And again you need to learn that this was not because of Over Heated RSI, but rather due to Russian War
Hope this sets the clarity on how Market corrects. So, Don't blindly believe on anyone giving False Panic Alarm. They don't know anything about how market functions. Just because they use some Jargons which you don't understand does not mean they know more than you. They only know how to confuse you - nothing more than that
As per the LIFE-LONG Parallel Channel - we are right in middle there is 2x Room left to Grow. The next time we will hit the Top of the Parallel Channel is approx Apr 2028 - reaching 51,300 levels in Nifty - By then - I will be Open to listening a Correction
If you want to learn Market - Spend Time Analyzing - Not GOSSIPING....
