CAC suffered from RSI divergence On weekly chart, CAC already suffered much from Bearish RSI divergence. It is secured number one position within all major indices in achieving target.
CAC40 trade ideas
CAC40 TODAY : Stocks in France Fall 0.2% on MondayThe CAC 40 fell about 0.2% to trade at 7,405 on Monday, tracking its regional peers lower, as traders pare bets major central banks and specially the Fed will cut interest rates as soon as March.
Lower oil prices also weighed on the energy sector.
Among single stocks, TotalEnergies (-1.5%) and Legrand (-0.7%) led the losses.
Conversely, Airbus (+1.3%) posted the biggest gains, followed by Pernod Ricard (+1%) and Loreal (+0.3%).
CAC 40 Edged Up 0.3% on WednesdayThe CAC 40 index rose about 0.3% to the 7,590 level on Wednesday, tracking its European peers higher, fueled by growing optimism regarding major central banks potentially implementing interest rate cuts in the coming year. Among single stocks, Alstom (+2.5%), Teleperformance SE (+1.2%), STMicroelectronics (+0.9%) and Société Générale (+0.8%) were the top performers.
Other banking stocks, such as BNP Paribas (+0.4%) and Crédit Agricole (+0.1%) were also in the green. Conversely, Orange (-0.6%) and Carrefour (-0.4%) led the losses.
Index. On strong support . short term buy possible if move is upIndex. On strong support . short term buy possible if further move is up else next down might sort to aim swing low.
harmonic pattern xabcdharmonic pattern activated and we may see a good move till marked levels, and we can also find reversals from these levels. So keep in mind these levels.
CAC 40 indexCAC 40 Index in day Time Frame is looking nutrual after war situation. I think it will consolidate here for 2 months after that I consider market will gave breakout and we can se further up move. This is only for education purpose, not any buy or sell recommendation.
CAC ..........7000 or reversal on the cards ???On Daily Chart seems to be marching towards 6900+
All chances of a pull back from near 7000+
Be cautious at higher levels
Global Market Started Falling like France Europe Germany India !TREND ANALYSIS
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX.
Global Markets Like
Europe
Germany
France
has started Falling.
Indian Market already falling since a month.
Important : NIFTY 500 INDEX is also Going Towards 8200 Level.
So Do Not Add Stocks In Portfolio till Nifty 500 reaches 8200 level.
So do not Buy Stocks or Index at Global level at current Market Situation.
And do not Add Scripts to your Portfolio at current level.
CAC Breakout of Channel Resistance ???? Close will be keyCAC: 2 close above channel resistance will confirm breakout
Support @ 5110-5080-5050
