Here are the best charts, articles, and ideas being shared on the web today!
Chart of the Day
Today's Chart of the Day was shared on Twitter by Sagar Pareek (@TheSagarPareek). It's a weekly candlestick chart of Nifty 50 over the past ten months. Sagar points out that price continues to trade in a Descending Channel by forming lower highs and lower lows. It signifies no major movement in the heavy weightage constituent of Nifty. Either way, the outcome from this breakout will provide us with valuable information, so keep an eye on how price behaves around this key level in the upcoming weeks.
Quote of the Day
“Scarcity ≠ inflation hedge. A lot of things are scarce & have collapsed in value.”
