#CNXIT One of my friend asked me whether to book profit in IT stocks or not ?
Sharing chart for learning purpose👇
Key points :
~ Gave breakout after 20 years{Ratio chart against #Nifty}
~ Near huge resistance .So timepass move expected here{breakout retest/consolidation n all}
More from Pranay Prasun
~ Gave sell call near 3300
~ Good to add at below levels
2580 /2200 https://t.co/lRdCEfw7WD
#ASIANPAINTS We all know about this stock but is it really worth to add at CMP?
— Pranay Prasun (@PranayPrasun) February 19, 2022
Reasons are \U0001f447
~Monthly RSI is too high .So we may see breakdown in next few months
~Continuous profit booking at top level.Hence we're near to top in long term chart
Hope it helps u to understand\U0001f60a pic.twitter.com/3ltwZMs3d8
Time to pause ?
Even chart says the samething https://t.co/1OJTjqp0ay
Are we ready for BOOM BOOM in auto sector ?\U0001f9d0#CNXAUTO
— Pranay Prasun (@PranayPrasun) April 2, 2022
~ Weekly ratio chart against #NIFTY indicates bottom and going forward it may outperform \U0001f91e
~ Don't expect quick returns as its weekly chart pic.twitter.com/cUaugZBerL
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This New York Times feature shows China with a Gini Index of less than 30, which would make it more equal than Canada, France, or the Netherlands. https://t.co/g3Sv6DZTDE
That's weird. Income inequality in China is legendary.
Let's check this number.
2/The New York Times cites the World Bank's recent report, "Fair Progress? Economic Mobility across Generations Around the World".
The report is available here:
3/The World Bank report has a graph in which it appears to show the same value for China's Gini - under 0.3.
The graph cites the World Development Indicators as its source for the income inequality data.
4/The World Development Indicators are available at the World Bank's website.
Here's the Gini index: https://t.co/MvylQzpX6A
It looks as if the latest estimate for China's Gini is 42.2.
That estimate is from 2012.
5/A Gini of 42.2 would put China in the same neighborhood as the U.S., whose Gini was estimated at 41 in 2013.
I can't find the <30 number anywhere. The only other estimate in the tables for China is from 2008, when it was estimated at 42.8.
One thing I've been noticing about responses to today's column is that many people still don't get how strong the forces behind regional divergence are, and how hard to reverse 1/ https://t.co/Ft2aH1NcQt
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See this thing that @lymanstoneky wrote:
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