Sensex is trading inside ascending channel...and now it is trying to break upwards.. price bounced off lower boundary of channel
Sense is at major support level. buy above 62926 target 63001, 63121 sell below 62716 target 62555,62355
sensex taking support at 200 moving average if it breaks then more fall possible. BUY above 62786 target 62929, 63001 sell below 62359 target 62222, 62087
Looking at the chart structure of BSE sensex , it is a possible breakout retest of the trend line and there is huge possibility of a big upside rally ahead . Index has fallen because of global issues and also the Adani saga , well this might be the right time to buy the dip as there is huge fear in the Market , expecting sensex to hit 70k levels from here , idea...
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...
Publishing herewith my idea about conditions which results in fast upward movement of price
This is how Upward Journey of SENSEX explained in a single chart from year 1979 to 2023. Thats why Long Term investment in Stock market gives fnatastic return over a period of time.
Losing trades happen. They are a part of the journey. There is simply no such thing as a trader or investor who wins all the time. All the famous investors or traders you know have LOST many times in their careers. It is perfectly normal. Did you know the famed hedge fund manager Ray Dalio lost everything in his 30s? He went broke. He had to start over from...
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...
The last many months monthly view of Sensex The last many years have been really volatile. The direction is up, the medium term is also up. The recession all over is not really hampering the direction, but the pace and the length can get extended is my view
Strong bearish divergence on MONTHLY Timeframe, sensex might touch 50k-52k points in coming months…
After few weeks now since first sensex decade chart, it seems that scenario one is playing out. Should lookout for weekly close below 60000.
A sensex weekly chart showing the failed breakout explained in the previous post.
A monthy chart of the sensex since 2008 showing Fibonacci retracements of the 08-09 fall show how the 1.618 retrace provided resistance in 2010, as well as providing resistance just a couple of percent below the 2.618 retrace in 2015 and now turning the market down just below the 4.236 retrace as well. In support of the current resistance theory is the failed...
Based on fib extention on the monthly chart, we topped the trend at 63458. We saw a sharp rejection from around this area. Weekly close below 60k, and we are going much down. Inversely, weekly close above 63458, there is room for upside.
BSE:SENSEX Long term Elliott Wave Forecast. The Bull Market has much higher to go.
After year of consolidation in the market Sensex and nifty again at all time high. Now look for expansion in sensex and nifty. Strictly buy on dips
THE chart pattern IS FORMING OF CUP AND HANDLE WITH A POTENTIAL BREAKING OUT and the rsi divergence is suggesting A SHORT TERM TOP BEING MADE AND WAVE THEORY IS ALSO SUPPORTING THE RSI DIVERGENCE as of now i am little CAUTIOUS AND OPEN FOR BOTH SIDES but my view is BULLISH UPTO 10 TO 15 NOV 2022 CONFIRMATION OF A UPTREND WILL COME AROUND 10 TO 11 OCT AS...