BitonGroup

SENSEX is Falling 01/02/2021

Short
BSE:SENSEX   S&P BSE Sensex Index
as we can see
we have bearish Divergence with MACD Signal and MACD Histogram and it is at the end of a bullish trend which is happening post corona Pandemic and it can be interpreted as trend reversal and Distribution time

now it can be the time for some correction and retraces
we have analyzed the daily Timeframe and used Price Action Strategy to find the accumulation zones
these areas are also having confluences with Fibonacci retracement levels which are good areas to target or enter

we may have a small bullish Spike but the overall scenario is bearish from now onwards
Trade active: shorting now at 50363