Indian Stocks: Does “Extraordinary Rally” Have Much Oomph Left?
by Mark Galasiewski
Updated: January 13, 2021
You've probably heard the old adage, "Buy when there is blood in the streets."
Except, it takes a lot of bravery to follow it.
One approach that may help you muster the courage is Elliott waves. There are lots of times when the market's wave structure suggests taking a position "against the crowd" -- or, put another way, be a contrarian.
Prime examples are market tops and bottoms -- like the pandemic's first-wave market lows last March.
Since then, India's Nifty stock index has been one of the global rally leaders -- up as much as 80%.
Watch our Global Market Perspective contributor (who went on record last April with a bullish call for Asia) give you an important sentiment update.
Free, watch now