NK Stocktalk
February 3, 2025 at 04:32 PM
Historical data of Nifty, when Nifty falls 4 or more continuous months back to back.
This data analysis is made by seeing current market conditions.
*But surprisingly this did not happen in the 2008 fall, 2020 COVID fall and Ukraine war fall.*
Currently falling from October 2024
First resist at Upper Bollinger Band and still around 850 points away from 20 SMA.
Historical Data
*4 Month Continuous Fall*
September to December 2016
Resist from Pivot
Support taken at 20 SMA
*4 Month Continuous Fall*
November 2015 to February 2016
Fallen from 20 SMA
Support taken 50 SMA
*4 Month Continuous Fall*
June to September 2001
Resist and fallen from 50 SMA
Taken Support at Lower Bollinger Band.
*4 Month Continuous Fall*
May to August 1998
First resist at Upper Bollinger Band, then Fallen from 9SMA High
Taken Support at Lower Bollinger Band.
*5 Month Continuous Fall*
July to November 1996
First resist at Upper Bollinger Band, then Fallen from Pivot
Taken Support at Lower Bollinger Band.
*8 Month Continuous Fall*
September 1994 to April 1995
Resist and Fallen from Pivot
Taken Support at Pivot & 50 SMA .
*4 Month Continuous Fall*
October 1990 to January 1991
*Source Zerodha Monthly Chart*
Prepared by
Raghvendra Ashok Deshpande
23/D38
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