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| NIFTY V SHAPED RECOVERY |
A type of economic recession and recovery that resembles a "V" shape in charting. Specifically, a V-shaped recovery represents the shape of the chart of certain economic measures, such as employment, GDP and industrial output. A V-shaped recovery involves a sharp decline in these metrics followed by a sharp rise back to its previous peak.
- NIFTY HOURLY CHARTS LOOKS LIKE FORMATION OF V SHAPED RECOVERY
- NIFTY SHOWING EARLY SIGNS OF A V SHAPED RECOVERY FROM TUESDAYS LOW.
- NIFTY NEED TO CROSS THE RESISTANCE LEVEL OF 5211-5530, AND THEN ATTEMPT TO COVER THE GAP AS SHOWN IN THE CHART
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4 comments:
yes. Vshape recovery can happen in nifty. One thing to note here is Bullish belt hold formed at low of this fall, this is indicating v shape recovery.
Thanks surya for the valuable input,
for that nifty must first cross 5211-5230 level, and then move ahead to fill the Gap.
For the benifit of the reader,s
Bullish Belt Hold Pattern Defination
A trend in candlestick charting that occurs during a downward movement. After a stretch of bearish candlesticks, a bullish or white candlestick forms. The opening price, which becomes the low for the day, is significantly lower then the closing price. This results in a long white candlestick with a short upper shadow and no lower shadow.
The dollar index, which tracks the greenback against a basket of six major peers, was flat to stand poised for a 0.1 percent gain for the week.capitalstars
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