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S&P BSE Sensex Index

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SENSEX trade ideas

Alibaba's Fines, CoinBase IPO and the Fall of IndiaThe week started with a number of negative news for individual countries and companies. India has suffered the most at the country level. Indian stocks tumbled on Monday (Sensex fell 3.4%) as rising Covid-19 cases continue to weigh on investor sentiment. India has registered 168,912 new Covid cases in the past 24 hours, the sixth record increase in seven days. That does not stop religious pilgrims from mass bathing in the Ganges with all that it implies. In general, there is enough reason to expect the continuation of the sell-off in the Indian stock market. Although the presence of the grounds does not at all guarantee the fact of movement in the direction of the grounds. Consider Alibaba for example. China imposed a record $2.8 billion fine on Alibaba Group Holding Ltd. (nearly double the previous record high in 2015 when US chipmaker Qualcomm Inc. was hit) after antitrust investigations revealed Alibaba was abusing its market dominance. The penalty itself is a record one, and for the company itself the amount is quite significant, since it is 12% of net profit. It would seem worthwhile to expect sales. Instead, the stock rallied nearly 10%. In general, market sentiment continues to be in the zone of heightened optimism. The US stock market continues to churn out records. And in the cryptocurrency market, everyone is at a low start and is waiting for the go-ahead from CoinBase for a new leap up. We are talking about the much-hyped and long-awaited IPO of the largest cryptocurrency exchange in the United States (it will be listed on Nasdaq on April 14 under the ticker “COIN”). Preliminary capitalization estimates are around $100 billion, making this IPO one of the largest in history. The most likely scenario for the development of events is a sharp rise in prices. The cryptocurrency market in general feels too good (doubled in the last couple of months) and CoinBase in particular (as expected, by the end of the first quarter, revenues will be almost twice as high as in THE WHOLE OF 2020). But if the IPO fails, it could be a signal for a bubble to burst in the cryptocurrency market. In the end, behind all this growth, one should not forget that the cryptocurrency market is a big price bubble that will invariably burst - it's only a matter of time.
BSE:SENSEXShort
by Trade24Fx
1
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!
BSE:SENSEXLong
by BitcoinWiser
2
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
BSE:SENSEXShort
by BitonGroup
"BSE:SENSEX" - "SELL" signal 15 min (Solved Signal 1)-SELL signal generated by "Solved Signal 1(SS1)" in 15 min Chart of "BSE:SENSEX" Index - "BSE:SENSEX" 15 min chart - Indicator used "Solved Signal 1(SS1)" - Solved Signal 1 generates SELL signal(by default: text:- SS1,color=red,shape=triangledown) on 15 min chart of "BSE:SENSEX"' .It means "BSE:SENSEX" can go down. -Solved Signal 1 "BSE:SENSEX" Price data for Solving the Market(See description of Indicator). -Like and Comment. -Thankyou BSE:SENSEX NSE:NIFTY NSE:BANKNIFTY NSE:NIFTY
BSE:SENSEXShort
by Trading_Khiladi
3