SENSEX Potential Bounce Zone?
BSE_DLY:SENSEX S&P BSE Sensex Index
SENSEX looks primed for a bounce at green demand orderblock.
- 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.
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.
> Invalidates if we close below 32600