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-224 години
-107 днів
-4730 днів
Архів дописів
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Only during major crashes it has gone below 40 RSI else it bounces back sharply from those zones
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Good evening everyone,
Bottom kaha banega?
Banega ya nahi?
Though predicting the market is not that easy because there are a lot of factors involved, but as per my experience, I will share my insights with you.
You would remember, in September 2024 we had predicted that the market was forming a top. Till date, market has not been able to sustain above those levels, and at that time RSI was around 80 on monthly timeframe.
Now coming to the downside, there are 2 zones which the market generally follows. Most of the time, either it reverses around 53 RSI or if the weakness continues, around 42 to 43 RSI we should see a bottom.
Currently we are at 46.7 RSI on Monthly
So at this point, I believe thodi aur weakness is left. Once that is achieved, I feel we can see a fresh bull run.
So have patience. Bottom banne mein another 1 to 2 months lag sakte hain.
But yes, one thing I can say is that we are getting closer to the bottom.
Let's see how the market behaves from here.
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Buy Confidence Petroleum
Cmp 91.10
Sl 80 Below
Target New All time High
