Sensex Major resistance zone 300 to 800. Dont buy anythingSensex Major resistance zone 300 to 800. Dont buy anything. Take profits and wait for 15-20% dropShortby Sachinsyd1
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. Shortby sumastardon19
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. Longby engsalahgh112
SENSEX BIGG SUPPORT 32612 TREND LINE BREAK SELL ON RISE SENSEX BIGG SUPPORT 32612 Target profits marked on chart. Shortby ShivamVermaUpdated 4
BSE India 44K possibleLook at the peaks - Jan 2000, then Jan 2004, then Jan 2008. The next one came an year early in 4Q10 but the one after that again in 4 years - Jan 2015. The next peak at Jan2019 looks feasible. The chart has just crossed the 1.61 fibonacci extension with a strong green candle . Whenever it crosses a fibonacci level with a strong green candle - it is poised to go higher. Talk of overvaluation has already been going on but the bullish crossover of 1.61 extension level makes me feel we may have another 10 months of rally left if there is no deep correction by Feb endLongby kdboy0
SENSEX again near massive resistance zoneSENSEX again near massive resistance zone. Short with liberal stop above overhead linesShortby Sachinsyd0
SENSEX - India Stock IndexAs I have mentioned before, this is a very strong support level, you can long SENSEX at the bottom of this region.Longby robertwuUpdated 1
SENSEX 240 MINS SELL SETUP :)LOOKING FOR A SELL OPPORTUNITY BASED ON THE MOVES :)Shortby UnknownUnicorn558937Updated 1
Buy India Manufacturing StocksJapan Is Selling Bullet Trains to India www.bloomberg.com " Creating Jobs Modi is also counting on the project to spur a manufacturing and employment boom. His government says it will create 20,000 construction jobs, apart from 4,000 direct and 20,000 indirect jobs for operations. Local companies such as Larsen & Toubro Ltd., Gammon India Ltd. and GMR Infrastructure Ltd. are also looking to win some of the contracts. "Longby robertwu2
SENSEX Approaching a strong support levelFor now, short SENSEX is not a wise strategy. It is approaching a strong support level. RSI is around 50, means the market is not stable and waiting for a clear path. INDA ind NASDAQ:INDYby robertwu3
Indian market meltdownWe are in the 5th elliot wave zone in India. The global economy(NASDAQ, DJ, DAX) is also at an all time high mostly driven by the tech-sector but there are a few cues which hint a pullback. 1. Failing energy sector: in the past few years thermal and nuclear power plants have seen huge investments but these are facing challenges from the renewable energy sector (wind, solar) as these provide much lower unit rate compared to non-renewable sector. 2. Failing IT, BPO sector: Automation and stricter immigration laws have led to a decline in one of the strongest sectors in India leading to increasing unemployment rate which is a leading indicator for declining GDP ( the GDP numbers might have been kept artificially high to promote investor confidence) 3. Tech-based startups (including FInTech) are highly over-valued. Major investments in this sector are not delivering expected results and companies like TaxiforSure, Snapdeal, Flipkart, Ola, Grofers, Peppertap, Housing.com etc. have seen investment on their potential but there haven't been good returns in the past. Most rating agencies have already downgraded the valuation of these companies and some investors have written-off their loans. In the period close to Q4'17 - Q1'18 major pullback is expected. Shortby saurabhbansal1231
$SENSEX closing in on 2 major resistance$SENSEX closing in on 2 major resistanceby SachinsydUpdated 3
SENSEX LONG TERM BUY SETUP :)BUY CALL :) On SENSEX LONG TERM TRADE Keep It Simple, Keep It Unique :) Happy Forex Trading :) Happy Profit Making :) Longby UnknownUnicorn5589372