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Politechnical Analysis of BSE Sensex from 2004 to 2024Starting 2004 was a New Era of the Indian Political System wherein former RBI Chief and Finance Minister Mr. Manmohan Singh was elected as the Prime Minister of India. From there the Indian markets saw a quick growth and transformation, Sensex rocketed from 4800 levels to 21,000 level in a matter of 4 yrs. Then came the Sub Prime crisis in US which rattled the Global Market crashing stocks market by 60-70% globally. There on the Sensex took its time to re establish growth. The Congress Govt faced huge backlash from the country on their governance, integrity and top party leaders had to face corruption allegations against them. The markets retested the previous highs of 2008 levels of before Sub-Prime Crisis, but could never breakout. The confidence was in the market was subdued for 6 years and the market just couldn't breakout. March 2014, was the anticipation month of a new government, new hope, and the markets took that confidence to breakout from the 2008 Pre Subprime crisis highs. April 2014 the election fever was at high, the market were turning volatile and at the same time an indecisiveness could be felt. Then came the result month May 2014, BJP won and the markets shot itself up. There were a little blips in between due to Global Economic factors in 2016. But the next two years, saw an acceleration. The Midcaps and Small Caps were outperforming like never before. The amazing earnings of companies kept the markets soaring high. TRADE WAR, COVID 19 and "Aatma Nirbhar" Jan 2018, Trump had declared a Trade War on China, the trigger for Indian markets to fall was the Feb 2018 budget. From hereon the growth was subdued, Even though in 2 year the Sensex made a high of 42,000, the growth was only 4-5% over the 2 yrs. The markets kept looking quite weak as the earnings started taking a hit in most of the sectors. The valuations were still soaring and now the markets was expecting something new and big from the Modi lead BJP Govt. Even though the Finance Minister brought some corporate tax reform, which enable the markets to touch 42,000 mark. Just as the government was to bring the $5trillion Indian dream to reality, the world is hit by a deadly Coronavirus (COVID-19). This changes everything. Never ever anyone could imagine that life would come to a standstill. It crashed the markets horribly. The Prime Minister now takes this decision and brings about a new term that will/may change the future of India. The Aatma Nirbhar Bharat (Self Reliant India). Right now what the markets are actually doing is "Retesting the Governance of Modi BJP 2014". When I say retesting the governance, technically, the Markets may retest the entire rally from March 2014 breakout which also is a 61.8% fibonaaci retracement level from the lows of Sub Prime crisis to the highs of 2020. If the market is confident of the Modi Govts dream project of "Aatma Nirbhar Bharat" (Self Reliant India), We could see a mirror image (backwards) of 2004 to 2014 and an astonishing swing from 21,121 to 93,000 by May 2024. This rally would be called as "Aatma Nirbhar Rally".
INDEX:SENSEXEducation
by AkshatGupta
Nifty Trade Setup For Day Or swing Trader !Hello guys, What are you doing? As you saw from last 4-5 days nifty Is riding between 9750-10000 level Consolidation between the same zone, When the price is consolidation between the same zone its means we will see a big move in nifty in upcoming days either its bullish or bearish. Bt According to elliote wave setup currently we are riding on 4 the wave-making Bear flag as you can see in chart I am bearish in nifty for target 9600-9400-9200, You saw an inverse cup and handle pattern, it makes our winning ration more success in trades So what will we do next? Make your view In short sight until Price is not riding above control price, Nifty is weekly support 9720 if it will break in next week we seen Price toward our target. I am shorting nifty below 9820 For Target 9750-9700-9650 ( Day trader ) Short nifty below 9720 for Target 9600-9500-9400 (Swing Trader ) Between this range, you will see up and down moves so book your profit in this market or using trailing stop-loss in trades Please like if you like my analysis Thanks
NSE:NIFTYShort
by Trading_buddy
6
Nifty Analysis with indicatorsFrom the hourly chart of Nifty 50, we can clearly see it is making double top pattern, which is a indication of trend reversal. Also, RSI is showing negative divergence which implies that the Nifty can slide down. Nifty is at strong resistance level. We have to keep checking how it behaves on Monday, and with the confirmation of trend reversal we can short for good profits. Shorting after the trend line (shown in image) breaks will be a good opportunity. Keep an eye on it on Monday 8th of June 2020.
NSE:NIFTYShort
by Nikunj_Bangad
3
MRF Sell Setup For swing Trader !The location of trading activity. At the end of the chart, on the Upper right, we can see that the trading activity moves in the lower part of the value area, between the control and the value Low. This is uncharacteristic for an Uptrend. Additionally, the price rotations are becoming narrower, it is starting to rotate between the control and value Low. In an Uptrend, when price rotations become small and they happen in the upper part of the value area, the trend is most likely to end. You can short MRF below 56600 Level with SL: 57450, Target: 55k,54k Thanks You can share your view on MRF with us Thanks
NSE:MRFShort
by Trading_buddy
Strong: Elliote(5+3) + Price Action breakout + Volume profile Hello guys before I write anything I say something that's its takes hours to analysis a single chart so please like it. Elliote wave: 5+3 =>> 5 Impulsive wave done by Piramal Enterprise at 629 0.618 fib level according to wave principle, Currently It's riding on Corrective wave and its have 3 waves with correction of 1 fib which is at 1760 level = 4 wave Price Action Breakout: =>>According to its theory its touches there lower value with excess price with pinbar shows rejection to falling more down and move toward control price if it breaks the level of control price then we can see Piramal at upper value soon. Volume Profile: =>> As you know little bit about volume profile you can see Price at this volume high which means institutional investor taking entry at this price for reversal. Buy Strongly ::::: like Like Thanks need your support by liking it.
NSE:PELLong
by Trading_buddy
2