CORONA or Stocks: 2nd Wave Always hits hard
COVID has impacted our lives in so many ways and Stock markets were no exception which saw drastic falls and steep recoveries as well.
SO I have tried to make a correlation between both.
Major scrips saw a minor downtrend which lasts for few weeks with minor corrections. Similarly COVID 1st wave caused saw minor casualities for few weeks.
The scrip entered into the resting phase with no major movement like COVID.
Then came the big fall where prices corrected upto 50-60% , this 2nd falling wave was stronger than ever and had major casualties like COVID 2nd wave.
Wave 1 of recovery started and prices goes back to pre-COVID levels.
2nd Wave in uptrend was even more stronger to fuel the prices in a drastic manner. Major scrips gained more than 70-80% price rise.
Chart is self-explanatory.
SO I have tried to make a correlation between both.
Major scrips saw a minor downtrend which lasts for few weeks with minor corrections. Similarly COVID 1st wave caused saw minor casualities for few weeks.
The scrip entered into the resting phase with no major movement like COVID.
Then came the big fall where prices corrected upto 50-60% , this 2nd falling wave was stronger than ever and had major casualties like COVID 2nd wave.
Wave 1 of recovery started and prices goes back to pre-COVID levels.
2nd Wave in uptrend was even more stronger to fuel the prices in a drastic manner. Major scrips gained more than 70-80% price rise.
Chart is self-explanatory.
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