BSE - BSE Ltd. (45 mins. chart, NSE) - Long Position; short-termBSE - BSE Ltd. (45 mins. chart, NSE) - Long Position; short-term research idea.
Risk assessment: High {volatility risk}
Risk/Reward ratio ~ 3
Current Market Price (CMP) ~ 6480
Entry limit ~ 6370 to 6430 (Avg. - 6400) on April 23, 2025
1. Target limit ~ 6500 (+1.56%; +100 points)
2. Target limit ~ 6700 (+4.69%; +300 points)
Stop order limit ~ 6300 (-1.56%; -100 points)
Disclaimer: Investments in securities markets are subject to market risks. All information presented in this group is strictly for reference and personal study purposes only and is not a recommendation and/or a solicitation to act upon under any interpretation of the letter.
LEGEND:
{curly brackets} = observation notes
= important updates
(parentheses) = information details
~ tilde/approximation = variable value
-hyphen = fixed value
Bseindex
SENSEX (S&P BSE Sensex) Index Analysis 07/04/2021as earlier we had predicted an other impulsive wave for better shorting position and we shorted it at 50363
Fundamentals:
as we know the system is Forcing the Covid-19 Vaccination to the public so it requires to reshut the country for showing it some seriousness and let the Culprit capitalists gets more capitalize and some Retail Section to loos on some positions.
we are facing another lockdown and it will effect the economy and it stimulate the market to make some retracements.
Technical Analysis:
now we are getting our Bearish Divergence with MACDs confirmation with the Head Fall of the Bullish rally and retest of the immediate Support we can now specify 4 Targets by Fibonacci Retracement.
these 4 Targets are having strong confluences with the certain levels in Price Action analysis.
we can target the 3 TP as soon as we the 2TP gets Trigged followed by some retracement and Distribution
SENSEX is Falling 01/02/2021as we can see
we have bearish Divergence with MACD Signal and MACD Histogram and it is at the end of a bullish trend which is happening post corona Pandemic and it can be interpreted as trend reversal and Distribution time
now it can be the time for some correction and retraces
we have analyzed the daily Timeframe and used Price Action Strategy to find the accumulation zones
these areas are also having confluences with Fibonacci retracement levels which are good areas to target or enter
we may have a small bullish Spike but the overall scenario is bearish from now onwards