SENSEX trade ideas
SENSEX - LONG/SHORTthese look like just 2 lines there is big TA science behind that, you can trade as long when it touches the lower trendline and shore when it touches the upper one... with appropriate TP and Sl, I mark some support/ resistance just take care and watch out, supports are in the 1D time frame... #SWINGTRADE
most probably it will get a rejection from upper tend resistance
Indian economy crisis6 month depression in Indian economy.
Anny wale 6 month m Indian economy m mahgai ki wjha se 6 month ka depression any wala h to abhi se tayari soro kar do nahi to pachtana pad sakta h .
According to my chart pattern would economy Mai bhi yai hal honay wala h.
Pori donya mai is saal tak depression ka mahool rahega.
Sensex View 2022On the monthly time frame, sensex is still on uptrend untill it break the green line.
Green line which is 50MA is the correction sensex made over several year.
If the green line is broken then we are heading toward 2008 crash and 2020 covid bottoms (redline).
Looking at inflation and interest rate rise we will most likely touch the redline 100 MA
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