Sensex -Are we closer to a major 10%+ kind of fall near 60K ?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 ? by ipuneet4
KELTNER CHANNEL - IINot 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. Whenever one is trend trading, it is better to let the profits run so one doesn't miss a big move like this. However, when the markets turn parabolic, use tighter stops as clearly history suggests what happens when things go wrong. P.S. I know we don't trade SENSEX per se, this is a mere illustration. Any questions are welcome.Educationby vorayash053
Is Sensex Looking for New Target ? 🚀Next Target - Approx 63000 in upcoming Weeks . 🚀🚀 Sensex at All Time High . 🚀🚀 Longby harshpandey291
elliott wave for sensexcorrrection accure 5 wave complete, and correctio wave start jalhiShortby jaysingh1399111
DOWNFALL EXPECTEDThe 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 should be aware and be ready for the downward pattern coming soon.by Bhavya2373
short side sensexHello 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 guys stay safe all god bless you allShortby FOREXKING7786Updated 1
Basics of Price Action | Multi Candlestick PatternsBasics of Price Action | Multi Candlestick Patterns | Basics of Technical AnalysisEducation14:34by StockEngineers2
WHAT NEXT WITH SENSEX ?? JUST MOVING IN A SIDEWAYS TREND.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 ??by StockMarket-Wasim2
Elliott wave count on SENSEXLook like it complete big Elliott wave pattern but it doesn't want to go down yetShortby EW_T0
will the sensex finall rest beteen these lineswill the sensex finall rest beteen these linesLongby ideashiideas2
SENSEX ANALYSISThis 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 levels. Sustainment (on closing basis) above 52537.89 can lead to a big bullish move in this index, touching approx 60,000 in a year or so. FOLLOW IF YOU LIKE THE ANALYSIS LIKE AND COMMENT WHAT YOU THINK ABOUT THISby Keshav23291
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