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Sensexanalysis

Sensex Expiry Day Special Analysis||Hero Zero TradeHello Traders Good morning. i hope you all will be doing good in Trading and in your life as well. I have brought analysis on Sensex first time since i have started posting my ideas here, As we all know today's Sensex Expiry day. So will try to find a best trade from our analysis. Well i have marked all best possible levels for buying and selling. But still i will write here for more clarity, Levels are below. Today's Important Levels for watchout in sensex:- Buy above 65827 if levels sustains. Targets will be 66072 (New all time high) Stop loss will be 65570 Sale below 65570 if levels sustains, Targets will be 65254/64988 Stop loss will be 65827 For Hero Zero Setup, you have to wait for perfect levels, i will update you if i will get any best trade setup related. Note:- Hero Zero Trades are very highly risk and rewards trades, so trade carefully and always go in less quantities. Disclaimer:- I Might be wrong in this analysis, so please always do your own analysis or consult with your financial advisor before taking any kind of trades. Please like, follow and comment your thoughts on my idea. Thankyou. Regards Rahul Pal
BSE:SENSEX
by TraderRahulPal
BSE Sensex Ending Diagonal CAUTION!Attached: Sensex Daily Chart as of 19th June 2023 The Ending Diagonal is more evident and clean in BSE Sensex rather than NSE Nifty 50 (although you can observe in Nifty as well), which is why I have chosen to share the Sensex Chart Observe: - A well defined trend line with multiple touch points - Presence of a Bearish RSI Divergence - Daily MACD already in Sell mode All that is needed is break of Today's Low and a Close below it (which would also give the Trend Line breakdown simultaneously) and then that would activate the Ending Diagonal/ Rising Wedge Breakdown The First Downside Target for this pattern would be point b which comes to 62380🎯📉
BSE:SENSEXShort
by T_Harth
Nifty May be a Nasha, but Sensex is the Sober Reality!Attached: BSE Sensex Daily Chart as of 25th April 2023 Yes you read the Title of this Post correct, to put it simply: Nifty is Deceptive but the Sensex is Truthful In the above BSE Sensex 30 Chart, we see that Price is facing Resistance at the Channel Trend Line drawn from the December 2022 High. There are presently 3 touch points already for the Channel and today marks the 4th touch point. So the Trend Down is still maintained going by this and NO Valid Breakout has taken place. While if I look at NSE Nifty 50 Chart, I cannot spot any such Channel that connects the Highs to give such a clean picture like the Sensex is currently giving us. So the Question is: Nifty or Sensex: Which Stock Index Should You Trust? My Answer: Trust the Truthful Sensex
BSE:SENSEXShort
by T_Harth
Last call for the fall of Sensex?60652 resistance level can hold this down long term. Could ladder up to 61319 final hold level or 60862 could be the final low . This could be the beginning of bear market for Sensex if it breaks the 52804 support level . We might fall more than 20% or even more within 4 to 5 months depending on the volatility of the trader's decision or news spoiling their emotion towards a recession or even 41702 level possible?. If we can gain 60652 level, we might be somewhat safe.
BSE:SENSEXShort
by The_7hunder6olt
SENSEX SHORTSo here is an analysis of another index 'SENSEX'. Let us understand price action of SENSEX in detail! (OPEN THE CHART FOR BETTER UNDERSTANDING) Firstly, if you have a look at the second last (green) candle here, it is clear that this candle was not able to sustain above a major resistance line (yellow line). Secondly, today the price shot up the major resistance line, but experienced selling pressure near its all time high (ATH) and wasn't able to sustain above the major resistance line. We can say that Sensex today gave a FAKEOUT (Fake breakout). In addition to that, Sensex formed a bearish engulfing pattern which shows weakness ahead. Talking about indicators, RSI is facing downward after showing weakness. Sensex is travelling in the upper band of the Bollinger Band, and hence it is due for a correction. (I haven't applied bollinger bands here as it will mess up the chart and it would get difficult for you to understand. You can put bollinger bands yourself and check) All this shows weakness in SENSEX, hence I would recommend being stock-specific FOLLOW IF YOU LIKE THE ANALYSIS. LIKE AND COMMENT WHAT YOU THINK ABOUT THIS. COMMENT IF YOU HAVE ANY DOUBT ON THIS ANALYSIS. THANKS
BSE:SENSEXShort
by Keshav2329