BSE SENSEXWhat do you think will it break out or break down... plss tell me in the comment box...by TRADING_DUNIYAUpdated 8811
Bearish SymptomsAlmost all the markets going in red will be a major factor on Monday. Market has been moving up but the momentum was dying since last few days. Here is a comparison chart with Nasdaq. It is amazing to look how the indices made similar moves around similar times. In short, 10% correction is quite possible in near short term. This view goes along with other stock market gurus worldwide who are experts in their respective markets. Few Points to support this are here: 1. Weekly RSI is approaching over sold stage and we have peaked RSI on daily charts are making lower highs with a strong down move. 2. 45000 has not been retested. 3. MACD showing bearish cross on daily chart. 4. Indices closing in red. For faster updates on trading ideas feel free to message me. Shortby daerontrading2
sensexResistance 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 violated the current trading can manage to be up. by hitendravasudeo1
SENSEX : to correct 10% from here ?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 : resistance & upper resistance trend line factor 4 : stochastic RSI at overbought zone of 100 factor 5 : highly stretched valuation from CMP 52300 can correct up to with targets : 49100 / 47740 / 46160 / 44315 stop loss of 53875 closing above trend line Educationby HARMONICSANAND112
Sensex Sensex Sensex resistance and supply zone trouble the market. Hold itself from running up. Nifty rallies slowly up for new high. But sensex not yet. Supply zone -51586-52516. RSI is near over bought zone. Breakout absolutely essential. As Sensex struggles, mid cap and small cap rules the market. MIDCAP and SMALL CAP is running up. If you seen the BSE MID CAP SMALL CAP 400. by hitendravasudeo1
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 Shortby Keshav23291
TIME TO EXIT FROM EQUITY HOLDINGSKindly exit from all your equity holdings and forget market for next 1 years as investment. We can miss only 5% to 10%. The probability of 20% sudden downfall is open. S&P 500, NASDAQ , DJI are near their long term resistance. Money is rotating from one sector to another. Those stocks in which public holding increasing, they are not moving up. What happen to PSU BANKS, kindly see chart of last 15 years. Once stock are sold to public, support had been taken out by Institutions. Now they accumulated it from last 1 year and now it time to repeat this game. Nothing is new under the sun in the stock market, it's as old as hills. by UnknownUnicorn7241612Updated 552
Sensex Sensex D+ has moved above D- ADX is falling which is the classic illusatration of sideways range bound volatility. price breakout above lower top has been witnessed with bullish candle. If ADX turns up along with the rise and positive candle then we may witnessed a momentum directional movement which may take it towards the lower tops. As long as thursday low is not violated which is the near term swing bottom/swing higher bottom, the sensex may exhibit near term rise. Reversal from expected up move can happen if thursday low is violated. by hitendravasudeo0
S&P BSE Sensex: Critical levels in H4 for WC 17-5 S&P BSE Sensex: Critical levels in H4 for WC 17-5 The following technical analysis is based on a price structure with support and resistance estimates which separates into trading zones with the solid lines are the major levels. A trading strategy with a robust price structure could change the way you look at price action. It predicts major future levels based on price action. The estimated major levels for WC 17-5 are around 50382, 49362, 48745, 47734 We could be looking at 48745 and 47734 as major support for the beginning of the week. If we find support at 48745, then 49632, 49757, and 50382 are potential targets to the upside.by Rotuma0
sensexSensex Weakness and slide is surely below 48236. Supply zone at 49661-50265. Breakout and close baove 50265 is essential. 23.6% projection breakout will happen automatically above 50265 for rise towards next supply zone 51863-52516 The 61.8% projection for a-b-c relationship will be witnessed on breakout and close above 50265 for rise towards 52147. Traders long need to maintain stop loss at 48236. Sell on rise to 49661 or above with a stop loss of 50265. Trade long above 50265 for supply zone 51863-52516. by hitendravasudeo1
SENSEX Buy ZoneSensex is rebouncing from the median line of the pitchfork channel as expected and should correct back to the trendline zone. Between these parallel channel is accumulation zone imoShortby fr0xk0
SENSEX CHART PATTERNHEAD & SHOULDER PATTERN FORMED ON SENSEX DAILY CHART. ALSO, THERE IS A BEARISH DIVERGENCE ON RSI. IF THE BLUE LEVEL ON PRICE CHART IS BROKEN, WE SHALL SEE A DOWNTREND.by naivedh_shah1
Long term pattern for Indian SensexThere is a very strong support for the BSE Sensex which has been successfully defended in multiple watershed points in Indian history 1) 1980, when Indira Gandhi came back to power. Mrs. Gandhi replaced a government which was seen as being more friendly towards US and corporates. 2) 1984, when Indira Gandhi was assassinated amid the Sikh extremist movement and retaliatory massacres. 3) 1988-89, at the Height of the Bofors scandal and when bear Cartel was at its most active. 4) 2003-04, when the bear market due to the Dot com bust and the Ketan Parekh scam bottomed out. 5) 2020 Corona pandemic induced sell off. Interestingly this support was not tested fiercely in the great financial crisis of 2008-09. India in general was probably one of the best performing countries throughout the recession as Indian financial systems were still largely in government hands. There is a resistance line which has so far successfully repelled two well known periods of excess. The Harshad Mehta rally tested it in 1992 and the broader emerging markets rally tested it in 2007. There is a possibility that the current rally will again test this line if it gets up too fast. As of now, the markets are modestly overpriced, but nowhere near historical excesses. If global cues are not bad, there is room to run for this rally.Longby chiranjib8222
Correction ahead 💥💥Leave your comments what u think crash💥, correction⚡ or Mad Bull🤑by diwakarsharma123Updated 114
SensexRef: The market might be liquidity driven rather value-driven. Long term market might be bullish but a temporary correction can be seen soon.by rishabsharmaddn0