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 trade ideas
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 outperformance vs S&P 500 on the cards?Can you spot the pattern? The past 2 times the SENSEX has out outperformed the S&P 500, we have seen big bases, trendline breakouts and RSI confirmation.
Wait and watch to see if history repeats itself this time too.
If the ratio stays above the trendline for a 2-3 week period, it's game on for Sensex.
For educational and entertainment purposes. Not financial advice.