I opened the NIFTY 50 chart, and if you look at it, NIFTY 50 is moving inside an ascending channel, which is a super bullish channel.

Because of this same structure, on February 6, 2025, I said that ETH would go to $24,000. When ETH was trading around $1,500, I was probably the only one shouting everywhere, “Buy it, buy it!” 😂

Because according to my macroeconomic understanding, whenever any financial sector or asset class remains in a bullish channel on the longer timeframe, and when that asset reaches the support of that channel, the international news channels start creating a negative narrative and calling the same financial asset “dead.”

But according to my macroeconomic view, no asset class is ever simply dead.

Right now, NIFTY 50 is trading very close to the support of its long-term channel. Because of this, many so-called noob influencers who depend on commissions and referrals are giving people the wrong information and saying that the asset class is dead.

If you look today, you will probably see many people saying that the Indian stock market is dead. But I don't say that.

According to my analysis, the Indian stock market is currently standing against this price weakness, and the range we are seeing today may not be available again in the future.

According to the chart, I am saying this because my view is that the chart shows everything before the news.

Just like when ETH was around $1,500, I was saying, “Buy it.” The structure I see on NIFTY 50 is very similar.

So, I am bullish on the Indian stock market.

Just like ETH around $1,500, I believe the chart is telling us something before the narrative changes.

News creates narratives.
The chart shows price.
I focus on the bigger picture.

I'm bullish on the Indian stock market from this long-term structure, while respecting the possibility of further volatility and support tests.

Don't blindly follow me or anyone else. Do your own research before investing.

— AxperCryptoFree
Not financial advice.

Never bet against AxperCryptoFree, because AxperCryptoFree never lies. 😎

Always do your own research before investing.
I am not a financial advisor.
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