![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiRd8M7GAeZiFqRY5S29C3hCCqpsKG8jIev0Iz3RRXMyfGKbQ62i5uPfAHDAf0IrUJLI-rSQKmiLgy-MoUCsk44XcsXXuePkRisv0YmyNTRGkfnmuar8v6hyphenhyphenSs-BNVDKeGIj7E-MohOhyphenhyphenXO/s320/a.png)
NIFTY has lost 20% from its all time high of 9120 spot.
So going by this logic, NF has officially entered bear market territory. Or it hasn't?
I have a slightly different view on this. I like to look at the intensity of the correction and how fast it has happened. Typically after a euphoric bull run, the 20% drop should ideally happen within 1-2 months and not after 1-2 years.
Our weekly charts show a channeled down move - any channeled move is usually a corrective to the previous move. By this logic, as long as NF trades within the falling channel, it is fine.
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