The chart covers major dips on sensex, everytime it was near a new 10K milestone.
20000 - 50000,
Are we closer to a similar 10%+ kind of fall near 60K milestone ?
Not every Keltner pierce is made the same. There are some minutiae you need to pay attention to. Here are some illustrations to help you out.
The big moves that followed weren't necessarily predicted by the Keltner channel but that doesn't mean we can't profit off of it....
good luck investors another one
main target 61000
minimal rejection 60000
not a huge
another few more years nifty or near crossing will be 2k sensex wil be crossing 70k
The market first had a mountain move pattern which were small ups and downs which were continuous in nature but after July there has been a sudden boom and the continous rise in the mountain move and has broke the pattern. There has been no down pattern movement since then and thus can be expected soon. 5000 point move was seen in the last 2 months and thus we...
Hello guys i had already given trade on nifty and banknifty everything played out really good this is some sort of scenario which is hopefully will happen accordingly to me so lets see what happen next and how it plays also before taking any trading decision plzz do your own analysis and if you like my analysis dont forget to like share and follow me thank you...
Sensex has felled by almost 200 points from the past 1 month.
It is just moving almost in a SIDEWAYS trend.
Is this happening because of the excessive valuation of sensex ???
Acc . to RBI the valuation of SENSEX AND NIFTY are higher than expected.
Is this the cause of this SIDEWAYS/DOWNTREND ??
This is the monthly chart of Sensex.
A trendline is seen right from 2008; and current trend (from dec 2020) is taking support from this trendline.
Also, current level is facing resistance from a crucial psychological barrier, which is the ATH (All time high) of sensex; 52537.89.
This barrier is also a resistance point according to the Fibonacci...
Resistance being witnessed
around the earlier peak.
If the Sensex can manage to
sustain above the peak
with bullish candle then
expect a rise towards 1.618
fibonnaci retracement of the fall
from 52472 to 47285.
Support of 51700 critical.
Failure to sustain above 51700 can
once again lead to minor
correction and sideways volatility.
As long as 51700 is not...
SENSEX
after the index had a spectacular rally for more than one year
from 2020 ( march ) covid crash low of 25000 levels to 52300 in 2021 ( june )
is heading towards major resistance ,
and can have a correction of 10% from here ,
due to many valid factors
factor 1 : bearish harmonics pattern ( monthly )
factor 2 : fibonacii reversal zone 1.618
factor 3 :...
