SENSEX Potential Bounce Zone?

Oct 7, 2018

SENSEX looks primed for a bounce at green demand orderblock.

Analysis -

• Price about to enter demand zone which has already been tested twice and bounced.
  
  
• Ichimoku edge to edge target is about to be fulfilled.
  
  
• Bullish divergence on weekly with several momentum oscillators, will post RSI divergence down in the updates.
  
  
• Oscillators are about to be bottomed out.
  

Oct 7, 2018

Note

Bullish weekly divergence on RSI
> Invalidates if we close below 32600

Oct 9, 2018

Note

Demand zone is a very conservative entry, won't be surprised if we see market inclining before we meet demand. Be prepared to get front-run, although I personally wouldn't long before we atleast get edge-to-edge target on clouds.