Nifty 50 bearish trend
Analyzed nifty 50 on three month basis period is clearly reflecting bearish nature of trend .
since 1192 nifty 50 followed a phenomenon when nifty enters in downtrend forms on an average 4 red candles on three months time frame and remain in down trend on an average 9-12 months in bearish trend.
Also when bull in bull run almost nifty doubles from its previous bear market low and almost retraces to 20 to 30 %
since 1192 nifty 50 followed a phenomenon when nifty enters in downtrend forms on an average 4 red candles on three months time frame and remain in down trend on an average 9-12 months in bearish trend.
Also when bull in bull run almost nifty doubles from its previous bear market low and almost retraces to 20 to 30 %
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