India Bombay Sensex Index Short Entry: 15:19:34 (UTC) Wed Jun 24
Nifty & banknifty levels for tommorow Expiry (25-06-20)
See the reaction at the lower line on the rising wedge. Once we break down we have two targets on the chart. A better entry could be the top of the wedge if you would like to sweeten the Risk-Reward ratio. I believe we will make a lower low. This rally doesn't make much sense and at these levels, I much rather be sitting in cash rather than hoping that the bubble...
Starting 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...
Open positions for SENSEX, as I continue to look to profit from this economy being in a full-blown recession.
So far market was in parabolic move until the current crash due to pandemic. Market enter the bearish territory after small showing some upward moves, same was reflected in 2007-2008 with almost same retracement. The red line the support line for the parabolic curve . As the market is bearish hence the long term support will be at 21k and will have consolidation...
Sensex ( index of BSE) : * Zigzag Correction (ABC) * Rising wedge * B is at 38.2% Retracement * Divergence in MACD and Price * ADX near the 29 level Conslusion: There might be a downward breakout in the Sensex. for the continuation of Correction of ABC. Thank You. Swash Analysis.
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
Rising wedge at the end of a downtrend , signalling another fall to the 25k levels