Hi RSI,
The Chart Posted by you seems like an "YEARLY CHART" for NIFTY/SENSEX from 1997 to 2008....
So as Sunil Said, It might be better to 'BUY' near the tail of the last (2008) bar and Put Low of '4th bar from right' (2005) as Stoploss and proceed. This is from Investor point of view...
Traders, As usual, shall be milking out profits after converting this big (yearly) candles into small (weekly/daily/hourly) candles...
Cheers,
Sats.