Sensex Analysis for Tomorrow 18/10/24Sensex Analysis for Tomorrow 18/10/24
Pls Use Brokers chart for live price updation in Sensex
Yellow Zone is major Resistance Level.
All The important are given with horizontal black line.
Sensex30
how many agree this was my observation kindly give ur thoughts as what is your take on this formation
SENSEX - Flat CorrectionFinal short target of 50,000 looking doubtful.
- Market looking strong and investors are not fleeing like other markets.
- Possible Regular or Expanded Flat Correction
- Bullish India but still neutral over the coming weeks and hopeful my target is reached.
Best,
Hard Forky
BSE Sensex Positional (1-Hour Timeframe) Trading IndicatorPeriod: 04/02/2009 to 20/07/2020.
No. of Points: 1,04,403.
No. of Trades: 674.
% Profitable: 52.37%.
Profit Factor: 1.732
Points per trades: 154.90
No. of lots: 2 (1 lot is partially booked after 750 points which can be customized and remaining 1 lot is in trade until the trend is reversed).
NIFTY 50 long term ViewFrom Current date 18th July Nifty at 10900 +
Step 1: Nifty will retrace 78.6% till 11377.75.
Step 2: To form a Head, NIFTY will fall from 11377.75 to 8800 level.
Step 3: Nifty will then form another shoulder on the right.
Step 4: Nifty breaks below 8800 and falls down to 6225-6350 level which is a big support level.
SENSEX & NIFTY Dead cat bounce? Judgement Day is close by!I feel like we are still in a bear market. After the lockdown extension (if extended, which it mostly will) it will trigger another sell off in the markets. I'm currently have very tight stop losses to my positions. I suggest you do the same..
- Kautilya.K
