Sensex Analysis for Tomorrow 18/10/24Sensex Analysis for Tomorrow 18/10/24
Pls Use Brokers chart for live price updation in Sensex
Yellow Zone is major Resistance Level.
All The important are given with horizontal black line.
Sensexanalysis
Sensex (SENSEX) AnalysisFollow and Boost the post, Thanks.
Based on the 1-hour chart for the S&P BSE Sensex Index, here is the summary and analysis:
Key Levels:
- Current Price: 73,885.60
- Retracement Levels:
- 0.5 Retracement: 75,537.72
- 0.618 Retracement: 75,947.52
- Targets:
- Target 1: 75,936.42
- Target 2: 77,260.70
- Target 3: 79,420.46
Chart Analysis:
1. Retracement Phase: The chart shows the Sensex Index in a retracement phase from a recent high, moving towards lower levels.
2. Support and Resistance Levels: The chart indicates potential support around the 0% retracement level at 73,801.25 and resistance levels at the key Fibonacci retracement levels.
3. Ascending Channel: The index appears to be trading within an ascending channel, indicating a general upward trend despite the current retracement.
Potential Scenarios:
1. Bullish Scenario:
- If the index finds support around the current level (73,801.25), it could start rebounding towards the upper targets.
- The first significant resistance to watch for is the 0.5 retracement level at 75,537.72, followed by the 0.618 retracement level at 75,947.52.
- Breaking above these levels could lead the index towards Target 1 (75,936.42), Target 2 (77,260.70), and eventually Target 3 (79,420.46).
2. Bearish Scenario:
- If the index fails to hold the support around 73,801.25, it might continue to fall towards the lower boundary of the ascending channel.
- Further decline could lead to testing the lower support level around 72,081.92.
Trading Strategy:
1. Watch for Support: Monitor the price action closely around the current level (73,801.25). Look for signs of a reversal or strong buying interest at this level.
2. Buy Position: Consider entering a long position if the index shows a strong bounce from the support level with increasing volume and bullish candlestick patterns.
3. Stop-Loss: Place a stop-loss slightly below the support level at 73,801.25 to manage risk in case of a further decline.
4. Target: Aim for the targets identified (75,936.42, 77,260.70, and 79,420.46) for the long position.
Conclusion:
- The S&P BSE Sensex Index is currently in a retracement phase within an overall ascending trend. The key support level to watch is around 73,801.25. If the index finds support and rebounds, it could move towards the identified targets. Conversely, a break below the support level could lead to further downside. Monitoring the price action and volume around these key levels will be crucial for making informed trading decisions.
SENSEXThe SENSEX has decisively surpassed a key resistance level, signaling a potential upward trend.
SENSEX and Bank Nifty Setups Friday 10 may 2024 SENSEX and Bank Nifty Setups Friday 10 may 2024 The trend in Indian markets are going in the downtrend but as of now Nifty especially Sensex near there rising channel higher low area values zone. seems Friday may 10th 2024 levels in Sensex and Nifty 50 would be challenging because Indian bricks is rising and if some cool of is going to happen in tomorrow's early 2 hours of training session of Friday then possibly a small nude short covering rally will be available in both of indices
Nifty Bank is much away from its rising train line at support or demand line
and the final area where smart buyers are pending orders placed are waiting to be getting executed the zone of 47000 46600
these are level to watch on Friday session
Sensex Intraday Setup for Friday 15 March,2024I have posted two charts: the First is to understand the Intraday, and the second is my short-term view. Today is the weekly closing and the day that decides the market trend for next week. 72,500 is the last hope for the Bulls and a very critical zone, so keep an eye on these levels. They can help you play for the maximum today or in the upcoming days.
Intraday Range: 72,900 to 73,400 ( A more comprehensive range and good for the Options sellers who love to sell Options
Long above 73,400 for the target of 73,700/73,900
Short Below: 72,900 for the target to 72,600/72,500
Trade Accordingly
Nifty 50: Rally till 20,300-20,550 on chartsWeekly Review
When you see markets in uptrend you often wait for a colling off in a rally and I believe most of the people whom I talked in last two weeks are totally of the same opinion as well having a bearish view now but let me hold your horses here if you’re thinking the same way too. Nifty is not in an exuberant rally or a steep rally which often occurs as a spike but it’s on a clean Falling wedge pattern breakout post hitting 19,230 in august and so is the continuous rise in the Index since last few weeks where the last week itself contributed almost 1.88% with a gain of 372 points taking index to new highs of 20,222.
Week Ahead:
On Daily charts, the index stands strong with good volumes to continue its rally from current levels of 20,192, with nearest resistance at 20,297(20,300) and 20,500-20,550. Considering if any pause in the rally if occurs it can retrace till 19,993 and 19,792 which will be the key supports. Personally I don’t see any neutral to bearish view but a stable long until 20,300 atleast and a max 20,550 since the weekly charts are showing a clear bullish stance and a uptick in momentum reflective of much steam left in the markets.
SENSEX Short - Doubletop
Called the last top in October 21, calling this double top in Dec 22.
Longterm bullish on this market but looks like more value to be had at lower prices.
25% target. 31% Stretch target
Best, Hard Forky
The India bubbleDisclaimer: My charts reflect my own analysis and opinions which could be wrong; do not take anything here as investment advice because it is not.
I've been watching the Nifty and Sensex indices for a while, noticing their absolutely insane. Since 2004 the Nifty has run over 1200%. Even in the best scenarios, these moves eventually come to an end and have to correct to at least some degree, because such growth cannot be sustained indefinitely.
What caught my attention was not just the sheer gains but what in my eyes look like the same identifiable sections that nearly every market cycle forms which I have labeled in this chart. Note: I'm aware that my eyes may be deceiving me, but this is what I feel that I see. And the fact that there is a massive bearish divergence on RSI, the stochastic, and the macd, on the monthly time frame, supports my suspicion. Not to mention the Adani group news that broke right at what I believe is the top, to catalyze a move down.
how many agree this was my observation kindly give ur thoughts as what is your take on this formation
Indian Market - Major crashes in the HistoryThese are all the major crashes that held in the Indian market
SENSEX GRAPHThis graph is of the Sensex, in which there is analysis from the daily frame for the last few days, in which it is known that it was falling down for a few days.Now after getting support, it will return to its full supply zone by next month.
SENSEX : An overviewSensex broke the uptrend line and broke down and is currently hanging between Support and resistance. Breaking the support box (Red rectangle) may cause a sell-off Towards the lower Targets.
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 / $ACWI All Country World IndexSensex has now finished above the 2018-trendline for the third time on a weekly basis. RSI also showing strength.
More confirmation that India is now a good place to invest your money.
For educational and entertainment purposes. Not investment advice.
Bank Nifty Analysis projectionHello Traders,
Hope all are doing good.
I am here with a analysis for Banknifty on daily based analysis and market sentiment.
I am able to see the bullish momentum in the market in coming near future days.
Rest will see how it works.
Regards;
Trader.
SENSEX BSE TOMORROWSEEING TOWARDS THE TREND BSE:SENSEX
SENSEX MAY FALL TOWARDS THE TARGETS AS PER MARKET SITUATION AND IF MARKET RESPECTS THE REJECTION ZONE THEN THE FALLS ARE CLEAR
BSE sensex hi there market is on a confusion area thats why i want to wait for level to reach. i am a reactive not predictive. but at this current situation market need a pullback to grab some liquidity and for this market need to go down. my all areas are shown for reactive market. wait for it. and i inform all the major news for this areas
Sensex off to 45000 by March 2021Bears must have been happy to see the rising wedge formation all this while when the V shaped recovery resumed to claim the former top but cooled off at ~39500. The rising wedge formation did validate for a while and shared the target of ~34500 from a 'measured move' perspective. Note the divergence from the RSI while it tends to form a falling wedge which is the only caution this time.
But hey, bulls are back. So I suspect the possible H&S pattern as a trend 'reversal indicator' in formation turning sentiment from bearish/neutral to bullish and once the right shoulder forms completely (give or take 3 months) we would enter to claim new ATH most likely before April 2021.
45000 Sensex is incoming!
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
