History has rhymed itself; time to buy…
Technical Outlook After 18 months of consolidation and a 16% correction, the index has reached price and time wise maturity while successfully weathering a series of headwinds ranging from geopolitical tensions to shifting tariff policies. This historical template signals a durable bottom, paving the way for the next major leg of the bull market.
The current market trajectory closely mirrors the volatility observed during the Russia-Ukraine conflict, exhibiting a near-identical magnitude of correction. While we remain focused on long- term trend, the immediate volatility from global trade and geopolitical tensions necessitates moderation of FY-27 target to 28,800. However, such a move would not be in a linear manner as bouts of volatility would prevail wherein strong support is placed at 21200 levels. Consequently, investors should view any interim market corrections as opportunities to accumulate quality stocks to strengthen their medium-term portfolios.
