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Sensex

RHFL - Time to accumulateRHFL CMP 68.50 TARGET 82 STOP 57 1) Price structure has a sort of H&S pattern suggesting reversal of trend. 2) Price has broken past the resistance zone of 65-67 with heavy volumes. 3) Serious buying with heavy volumes observed in few trading sessions during the consolidation zone (51-67) in the past one month. 4) Price pattern also has a RdB structure with the right leg of RdB beginning to take place. 5) Stock performing better than the overall broader index as seen from relative strength indicator which is sloping upwards and which also has given a breakout, indicating big money going flowing into this stock. 6) RSI has given a breakout. Indicates momentum building up.
NSE:RHFLLong
by scorpiomanoj
1
SENSEX Index Another Topping Formation DevelopingSENSEX INDEX India This is another index that looks like it's topping out for the summer. The great bull campaign from the 2009 low at 8075 to a high at 36370 over 9 years is in its final stages. Echoes of the Dax here. A break below 34291 will trigger a short opportunity here back to 32516 where it should attempt to bounce - but it won't get far when it does. And once it breaks below here it should start to fall away in stages to 31096 then 29169 where it should bounce harder. If at any point over the summer 29169 gives way to bears it should fall harder still 25772 and when that breaks to 22577. A series of potential short opportunities here all summer long. Be lucky.
BSE:SENSEXShort
by sumastardon
Colgate Palmolive - A real technical bullish gem.Weekly Chart CMP 1257 Expected target 1260 + (1200-800) = 1660 plus Stop : Trail 30 weeks ema, currently at 1080. 1) The stock has broken past the small consolidation zone (W pattern) and also the broader consolidation zone with huge volumes. 2) Relative Strength with respect to broader index indicates serious money flowing into the stock. 3) RSI has been in the bullish zone (> 50) and has been entering into the overbought zone more frequently, meaning, buying happening at all retracements.
NSE:COLPALLong
by scorpiomanoj
SENSEX INDEX PRICED IN TERMS OF GOLDThe chart of Sensex index in terms of gold. It don't give a long history, only 11 years. I ran this chart to answer a specific question; Will a nuclear war happen? At least, will India participate in such thing? A country with booming market reflect a very positive social mood will not engage in a war. I don't have long enough historic data to get the big picture (at least 20 years of data.) As the chart show: 1) We have a double bottom and a support line, and 2) A triangle on the right side of the chart. These tow things suggest that Sensex index and the Indian market as a hall will boom (in terms of gold) in the coming years, hence India will not go to war.
BSE:SENSEXLong
by engsalahgh
1
NIFTY - AT A CRUCIAL SPOT.Nifty 10459 Weekly Chart analysis 1) Long term resistance turned support zone at 10300 - 10350 levels. 2) 30 week ema at 10285-10300 levels. 3) A potential H & S pattern INCOMPLETE set up observed. Left Shoulder and Head complete; however Right Shoulder may or may not happen. If index breaks 10285-10300 levels right shoulder would be completed. This means that Index would be below long term resistance turned support, 30 week ema and neckline of H&S. The next support would be at 9680-9700. 4) Number of stocks below 30 ema is at 31 out of 50, meaning 62% of nifty stocks trading below 30 ema. 5) NHNL indicator also has broken the trendline support (not shown here). Conclusion : If nifty breaks below 10285, it is time to go short nifty / nifty related stocks with 30 week trailing ema as stops and exits.
NSE:NIFTYShort
by scorpiomanoj