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Sensex

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.
BSE:SENSEXLong
by The90sTraderOfficial
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
TVC:DJI
by niftyZ
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
BSE:SENSEX
by CodeViser
2
NIFTY 50 120 MINS CHARTThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves. we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle. Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price. Keep it simple, keep it Unique. please keep your comments useful & respectful. Thanks for your support..... Tradelikemee Academy Sanjay K G
NSE:NIFTYShort
by Tradelikemee
GRAPHITE INDIA MONTHLY TIME FRAME - MY VIEWThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves. we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle. Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price. Keep it simple, keep it Unique. please keep your comments useful & respectful. Thanks for your support..... Tradelikemee Academy Sanjay K G
NSE:GRAPHITELong
by Tradelikemee
2
Ultratech heading down .?Is Ultratech heading down after touching all time high. ? This stock has be consolidating from past 2-3 months and now finally gave the breakdown with good volume , But wait is it sustainable.? 10000 now looks like strong resistance for this stock and looks like it will further go downwards till 9316 and 9040 as per the fibs retracement level . But over all stock is very bullish Disclaimer : This post is meant for education purpose do your own research before risking your account
NSE:ULTRACEMCOShort
by Solomon_King4788
IRM ENERGY 240 MINS TIME FRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves. we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle. Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price. Keep it simple, keep it Unique. please keep your comments useful & respectful. Thanks for your support.... Tradelikemee Academy
NSE:IRMENERGYLong
by Tradelikemee
1
📈 Nifty's Current Situation: A Simple BreakdownToday, Nifty, the benchmark index of the Indian market, made a noteworthy move, inching close to its all-time high. Let's break it down: went up by more than 1%, coming close to its all-time high. Here's a closer look: What's Up with the Market 📊: Nifty's recent jump got it close to its highest-ever levels. Sounds good, right? But there's a challenge—it's right at a powerful supply zone where the market often faces a tough time. What the Charts Are Saying 📈: The quick climb has made Nifty stretch a bit from its average Price (EMA20). History says Nifty usually comes back to EMA20 after a speedy rise. So, brace yourself—a correction might be on the way. Looking deeper, it seems Nifty has a habit of taking a breather near its EMA20 after moving up fast. This time seems no different, hinting at a possible slowdown. What to Expect 🎯: In simple terms, be ready for a possible cool-down from the Supply zone. While quick rises catch eyes, a steadier climb is usually better for a strong trend. But here's the twist—if Nifty breaks through this tough Supply zone, we might be in for more highs. 🚨 Watch Your Steps: Nifty is benchmark index of the Indian market, Since Nifty is close to this tricky zone, it's wise to be careful. Set your safety nets (stop-loss) smartly, based on how much risk you're comfortable with. Final Words & Reminder 📝: Interpreting market signs is part skill, part instinct. This guide is here to help you learn, not as professional advice (I'm not a SEBI registered analyst). Just sharing insights for you to learn. Keep it smart out there! Trade Smart, Navigate Cautiously! 💹✨ Lastly, Thank you for your support! Your likes & comments . Feel free to share your thoughts and feedback in the comment section.
NSE:NIFTY
by AfnanTAjuddin
1
NIFTY 50: Weekly Outlook: October Week 3, 2023Weekly Review Nifty 50 gained 0.5% in the last week, hence closing at 19,751. The index has been very reactive to the past few macro events like Middle East warzone situations, Positive cues on Retail Inflation at 5.03% and poor guidance from IT companies on the growth front. Although on the technical front, levels have been in accordance with our view for the last two weeks gap opening and closing will cause a significant issue when we look back on these levels in future months. Week Ahead: On Daily charts key support for the week to come stands at 19,600 (make or break) for the rally to stay intact. The upcoming week will see a revision of resistance levels at 19,796-19,884 is a crucial tradezone, a break above this will see Nifty rally to 20,000 levels once again. In case a breakdown below 19,600 happens then 19,481,19,376 and 19,326-19230 will hold the fort. Caution: Be cautious of sectors and stocks you trade as the market and scripts will be very reactive to Q2 FY24 earnings as much has not been factored in the market. *Disclaimer*: I am not a SEBI registered analyst and hence the above market outlook is for educational study and research purposes only. In no way do I endorse this opinion to take a trade or for any investments in markets in any form by any Participant. Be a responsible investor with proper risk management and keep learning as a true focus. Figure 1: Nifty 50 Weekly Forecast chart
NSE:NIFTYLong
by chandakpulkit