#EFCIL Multiple confluence, Quadruple bottom at 50% retracement of entire move from 4 to 350, price and RSI divergence. MACD at cross over point after extreme oversold on weekly time. This type of setup always creat multibagger return.
DAY 4 UPDATE
I’m feeling ok, bit tired though.
Doctor said BP was low, I’ll increase water n salt intake. Sugar level is low at 66 but that’s because of no food for 3 days, as ketosis takes over body starts consuming fats etc. In prolonged fast it may consume muscles & organs resulting in death but I’m nowhere near that.
My weight has gone down by 2 Kgs… a loss of some 650 gm per day n that’s also normal.
My inconveniences are nothing compared to the 20+ students who gave their lives & the 5 youths who died in Ladakh last September.
Thanks for all your support
Jai Hind.
#CockroachJantaParty #CJP #SonamWangchuk
Totally Unnecessary stereotype old school rule by @SEBI_India. The world has moved on but Indian regulators are 20 years behind.
SEBI is scared of even 5-10% price movement.
All companies reply the same - "We DONT KNOW"
High time for SEBI to work on ACTUAL issues
🚨GOVT has a negative role in this bear market when FIIs are leaving.
🚨Since the introduction of LTCG in 2018 (plus increasing STT, LTCG and STCG again) FII sold 10 Lakh Cr of Equity.
Why is INDIA underperforming as compared to global emerging markets when the fundamentals look solid ?
👉Instead of cheering the premature capital market up (retail participation very low < 10%), GOVT has been hammering it down.
If GOVT can't control DOLLAR-INR drawdown, they have an other option 👉 reduce the tax.
🎯Real Estate transaction values are manipulated(shown lower). But in stock market, the transactions are 100% transparent. GOVT is hammering a transparent system but cheering up a corrupted one. ALAS!
***Generally Bear and Bull markets are a normal phenomenon but this kind of Bear market has 2 reasons
1. Normal Phenomenon - market cycle of bull and bear one after another
2. GOVT has been hammering the capital market by imposing higher taxes.
👉If the market/stock corrects by 40%, GOVT is responsible for 20% of it.
🚨 SERIOUS Note 👉
I don't expect more than 10-15% CAGR RETURN in Indian Stock Market over long period.
😎Stock price will NOT rise proportionetely as compared to the PROFIT growth.
Though Economy & individual companies are doing well, FIIs are leaving due to INR depreciation. GOVT has ZERO intentions to make INDIA an attractive investment destination. They love Real Estate bcoz Politicians hide the black money there.
Stock market is 100% digital. No way to hide anything. Instead of helping a transparent system, GOVT is discouraging people to invest in MF/Stocks. They are indirectly promoting corrupted systems like Real Estate.