Are we heading towards market fall? Will it be unfair to write "Crash?" Don't you feel the chart is heading towards that? What is your view?

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Yes, my view is that we are heading towards a downtrend if not fall. I was analyzing both Nifty & Bank nifty. I am not an expert, but as per my knowledge & experience, we are heading towards a clear downtrend. Below are my observations -

Although the DMA breaches are clear, but still the wedge line break will make it a sureshot downtrend.

Its a very simple observation, but I think its worth noticing. Nifty breached & closed below 50DMA

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Are we heading towards market fall? Will it be unfair to write "Crash?" Don't you feel the chart is heading towards that? What is your view?

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