SENSEX | Harmonic PatternHarmonic Pattern seen in Sensex indicating a bearish bias. A minor support at 39570 is holding the index for now, below which 39500 is a very crucial demand area. If that level holds we can see further upside in coming days. However, if 39500 fails to hold there would be a sharp correction towards 39250 and 39000. (Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider these as trading tips or investment ideas. Trading in Stocks, Futures and Options carry risk and is not suitable for every investor. Hence it is important to do your own analysis before making any investment or trading decisions based on you personal circumstances and it is always better to take advice from professionals)by AkhilSuryaFS8
SENSEX - Wave countsTwo counts Yellow one suggests we are in a bigger flat correction in the form of wave 4. In this case, first, a fall towards 32300 can be expected, before another upmove begins Green count suggests, wave 4 completd near 33300 and we are in 5th wave upwards of the current impulse Target in this case will be 40300 followed by 41000 (downside limited till 36500)by Trader-AJ0
BSE short term SENSEX has two possible chart pattern scenarios standing out among others for me . On the 4 hr, My primary pattern for any play is the Ascending triangle with initial target near 38950 level. Although,There's a bearish pattern (Bear Flag) in play too but I'm not too confident about it, as the flag consolidation is roughly >/= 50 % of the flag pole. Also there's no sign of trend exhaustion on this move up from the last recent swing low on the 4 hr, where it gave us bullish divergence before moving up. But that doesn't confirm that it wont go down . It always can. If it does, my initial downside targets for the flag breakdown are around 32000-30000 ranges. Strong break of patterns either way would be a nice confirmation to enter a trade. I'll post my probable count for BSE below. Remember, this is not a financial advice and just my view of the market , how I THINK its going to play out. by XtinCtUpdated 0
#Sensex: A contrarian view: Will it play out ??I hope I am right ...Its just a set up which is observed and shared, I am still short in my positions. by Chartsandesh1
SENSEX Potential Bounce Zone?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. Longby marzilUpdated 1
Breakout on Sensex WeeklyA cup and handle breakout is seen on Sensex Weekly chart. Next target: 41500.Educationby Skytreasure110
Broad Market Indices : Is End of WAVE 5?Sector Having Bullish BIAS in T+3 Days NIFTY' AUTO: 10,855.65, 0.30% NIFTY' IT: 14,613.75, 0.06% NIFTY' MEDIA: 2,916.30, 1.29% NIFTY' METAL: 3,445.25, 1.16% NIFTY' MNC': 14,675.95, 0.37% (Data after 07th Aug 2018, NSE Website) .... rest mentioned in Charts.Educationby DSKF16Updated 115
sensexat trendline resistance high chances of fall now reasons- overbougt/ trendline resistance by kachartsUpdated 222
market trend sensex bullBullish on indian market as price is above the cloud and bear market start when price close below the 29000 level. If new high on sensex then bear level 29000 is not valid. Longby fashiondanialUpdated 1
SENSEX toward 36500 -37200 but need decisive close above 36000#SENSEX- 35900-36000 major supply area ..need a close above 36000 for decisive up move toward 36500 and more downside support exist at 35000. When #Nifty is playing game from last 3 days one can look for #SENSEX at crucial times "Old is Gold"by DharmendraGKaallal0
sensex- monthly dojijune month will be interesting to see though i expect upmove towards 36476 to test rectangle upper boundaryby kacharts2
BSE SENSEX big SHORT coming !Looks like sensex is on top and SHORT opportunity taking place here . Bull market which started in 2009 from 8080 to 36370 in 9 years is about to halt. If it falls below 34290, we can SHORT it till 32515 where it can have little bounce but may not go too far. Breaking below 32515 will goto 31070 and then 29180 , here it will bounce harder. Fall below 29180 it will fall sharply to 25771 and if does not hold here then 22577. Happy trading. Always use stop loss . Shortby Arpi20180
Reacccumulation in phase c in the sensexDisclaimer... not an investing/trading recommendationby capsule91Updated 2