these look like just 2 lines there is big TA science behind that, you can trade as long when it touches the lower trendline and shore when it touches the upper one... with appropriate TP and Sl, I mark some support/ resistance just take care and watch out, supports are in the 1D time frame... #SWINGTRADE
most probably it will get a rejection from upper tend resistance
6 month depression in Indian economy.
Anny wale 6 month m Indian economy m mahgai ki wjha se 6 month ka depression any wala h to abhi se tayari soro kar do nahi to pachtana pad sakta h .
According to my chart pattern would economy Mai bhi yai hal honay wala h.
Pori donya mai is saal tak depression ka mahool rahega.
Sensex has closed below it's most important trend line, if within this or next week it fails to regain its lost levels, expect it to crash, personally I'm expecting a rebound in wave 5. And then larger correction and crash starting from November/december to 2023 mid
On the monthly time frame, sensex is still on uptrend untill it break the green line.
Green line which is 50MA is the correction sensex made over several year.
If the green line is broken then we are heading toward 2008 crash and 2020 covid bottoms (redline).
Looking at inflation and interest rate rise we will most likely touch the redline 100 MA
This graph is of the Sensex, in which there is analysis from the daily frame for the last few days, in which it is known that it was falling down for a few days.Now after getting support, it will return to its full supply zone by next month.
Final 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.
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The global stock markets weakness is also evident for Sensex Index (also known...
Target 20% drop- Stay tuned
Remember this is the SENSEX divided into INRUSD
First target 640
Markets needs a retracement to at least 200 EMA.
Higher inflation than expected will hurt EPS