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Sensex Analysis for 16-08-2024: Support & Resistance LevelsOn August 14, 2024, the Sensex experienced a volatile trading session, closing at 78,956.03, down 692.89 points (-0.87%). The day saw the index opening at 79,105.88, with an intraday high of 79,228.94 and a low of 78,895.72. This decline was largely driven by profit booking and global market cues, with the index forming a long bearish candlestick, indicating potential further downside. Impact of Gap Up As of August 16, 2024, Gift Nifty is showing positive momentum with an opening around 24,324, reflecting a gain of approximately 156 points (+0.65%) from the previous session. This movement is underpinned by favorable global cues and expectations of a stable economic environment following recent macroeconomic data. Key Technical Levels: Support Levels: 24,100 and 23,900 Resistance Levels: 24,450 and 24,600 Technical Indicators for Sensex: Max Pain: 79,100 PCR (Put-Call Ratio): 0.70 Neutral to Bearish IV (Implied Volatility): 13.03 as of the closing on 14-08-2024. Support Levels Sensex is expected to remain under pressure with key support levels around 79,000 and 78,600. Resistance Levels If the index sustains above these levels, a pullback towards the resistance levels of 79,600 and 79,800 is possible. The Sensex displayed mixed signals with technical indicators favoring a cautious stance: RSI (14) at 42.33 indicates a sell signal, suggesting the index is neither oversold nor overbought. MACD showed a negative divergence, reinforcing the sell signal. Top Gainers: Reliance Industries: Increased by 2.3%, closing at ₹2,650. Tata Motors: Gained 1.9%, closing at ₹685. HDFC Bank: Rose by 1.6%, closing at ₹1,670. Top Losers: Infosys: Fell by 1.8%, closing at ₹1,440. ITC: Decreased by 1.5%, closing at ₹452. TCS: Dropped by 1.2%, closing at ₹3,240. Open Interest (OI) Analysis and Technical Indicators: OI data indicated a buildup in call options at the 79,500 strike, hinting at significant resistance at this level. Conversely, the 78,500-strike price saw substantial put writing, reinforcing it as a critical support level. Bullish/Bearish Levels Bullish Level: 79,600 If sustains Bearish Level: 78,400 If Fails Stay tuned for more updates on Sensex prediction to navigate the volatile market conditions effectively. Disclosure: The publisher of this idea is not a SEBI registered analyst. The information shared here is solely for educational purposes and should not be interpreted as financial advice. Always consult with a qualified financial advisor before making any investment decisions. The publisher does not endorse social media shares on any platform.
BSE:SENSEX
by shvishal
SENSEX S/R for 16/8/24Support and Resistance Levels: Support Levels: These are price points (green line/share) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. 20 EMA (Exponential Moving Average): Above 20 EMA: If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum. Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
BSE:SENSEX
by zenthosh
SENSEX S/R for 13/8/24Support and Resistance Levels: Support Levels: These are price points (green line/share) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. 20 EMA (Exponential Moving Average): Above 20 EMA: If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum. Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
BSE:SENSEX
by zenthosh
SENSEX S/R for 12/8/24Support and Resistance Levels: Support Levels: These are price points (green line/share) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. 20 EMA (Exponential Moving Average): Above 20 EMA: If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum. Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. It's important to remember that while these indicators can be useful, they are not foolproof. Always consider the broader market context and consult with a qualified financial advisor before making any investment decisions.
BSE:SENSEX
by zenthosh
Sensex Soars to Historic Highs: A Comprehensive Outlook for 2024 Sensex Soars to Historic Highs: A Comprehensive Outlook and Strategic Insights for 2024 The BSE Sensex has exhibited robust performance over the years, with FY24 marking a significant milestone as it jumped approximately 25%, reaching new highs. The Sensex has maintained a consistent upward trend since 2016, showcasing its resilience and the strength of the Indian economy. In FY23, the index saw modest gains, but FY24's performance was bolstered by strong economic growth, solid corporate results, and substantial inflows from both domestic and foreign institutional investors. Components of Sensex The Sensex, or the BSE 30, comprises 30 well-established and financially sound companies listed on the Bombay Stock Exchange (BSE). These companies are from various sectors, reflecting the overall health and performance of the Indian economy. Major contributors include Reliance Industries, HDFC Bank, Infosys, Tata Consultancy Services, and ICICI Bank, among others. The composition of Sensex is reviewed periodically to ensure it remains a true representation of the market. Trading in Sensex Future Contracts: Trading in Sensex futures involves buying or selling a contract to trade the index at a predetermined future date and price. It provides investors with the leverage to amplify returns and hedge against market risks. Option Contracts: Sensex options give traders the right, but not the obligation, to buy or sell the index at a specified price before the contract's expiry. This form of trading is used for hedging and speculating on the index's future movements. Open, High, Low, and Close As of the latest data, the Sensex opened the year 2024 at around 73,000 points. It has recorded highs of over 80,000, with lows near 70,000, and its closing value has fluctuated within this range. This volatility is driven by various economic and geopolitical factors, including elections, policy changes, and global market dynamics. Gann and Elliott Wave Analysis Gann Analysis: Applying Gann's techniques, which emphasize geometric and cyclical analysis, suggests that the Sensex is likely to continue its upward trajectory, provided it stays above key support levels around 70,000. The next significant resistance is projected at 82,000, a level it might test by early 2025. Elliott Wave Analysis: Using Elliott Wave principles, the Sensex appears to be in a corrective wave within a larger bullish cycle. The primary trend indicates potential for reaching 84,000 by mid-2025, following minor corrections that offer buying opportunities at lower levels. Forecast and Strategic Insights The BSE Sensex has demonstrated a rapid rise in 2024, achieving significant milestones. The index crossed the 80,000 mark in July 2024, a historic high achieved after a consistent uptrend from 70,000 in December 2023. This growth was driven by robust economic fundamentals, strong corporate earnings, and significant inflows from institutional investors. Recent Highs and Lows: As of August 2024, the Sensex hit a high of approximately 80,074.30 and is currently fluctuating around 78,886.22. Analysts remain optimistic, predicting that the Sensex could reach higher levels in the coming months, potentially surpassing 82,000 by early 2025 if positive trends continue. Disclosure: The publisher of this idea is not a SEBI registered analyst. The information shared here is solely for educational purposes and should not be interpreted as financial advice. Always consult with a qualified financial advisor before making any investment decisions. The publisher does not endorse social media shares on any platform.
BSE:SENSEX
by shvishal
Sensex Analysis for 09-08-2024: Support & Resistance LevelsSensex’s Next Move: Will It Break 79,700 Resistance or Dip Below 78,270? Stay Cautious! The Sensex faced a challenging trading session today, closing 581.79 points lower at 78,886.22. The market opened at 79,468.01 points but failed to sustain its initial momentum. Key sectors, including IT, metals, and energy, saw significant declines, contributing to the overall downturn. In contrast, the pharma sector performed well, driven by positive expectations. RBI Governor Shaktikanta Das reiterated the central bank’s commitment to maintaining key rates, emphasizing inflation control and economic growth amidst global uncertainties. Increased volatility and cautious investor sentiment marked the trading session, reflecting concerns over both domestic and international economic conditions. Technical Indicators for Sensex: Max Pain: 79,000 PCR (Put-Call Ratio): 0.55 Bearish IV (Implied Volatility): 23.82 as of the closing on 08-08-2024. Support Levels Sensex is expected to face significant support around the 78,270 mark, with further support at 77,750. Resistance Levels On the upside, the resistance levels are projected to be around 79,400 and 79,700. Market Sentiment Based on the option chain analysis and technical indicators, the market has shown a tendency to trade within a defined range. The Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) indicate a neutral to bearish trend in the short term. The RSI has given a negative crossover, and with higher time frame oscillators also turning negative, the momentum seems to favor a downside unless a breakout above the resistance levels is observed. Top Performers: Tata Motors, HDFC Life, SBI Life, Cipla, and HDFC Bank were the top gainers of the day. Top Losers: LTIM, Grasim, Asian Paints, Apollo Hospitals, and Infosys faced significant declines. RBI's Role: The RBI kept the repo rate unchanged for the ninth consecutive time, emphasizing a cautious approach to balance inflation control with economic growth Stay tuned for more updates on Sensex prediction to navigate the volatile market conditions effectively. Disclosure: The publisher of this idea is not a SEBI registered analyst. The information shared here is solely for educational purposes and should not be interpreted as financial advice. Always consult with a qualified financial advisor before making any investment decisions. The publisher does not endorse social media shares on any platform.
BSE:SENSEX
by shvishal
SENSEX S/R for 9/8/24Support and Resistance Levels: Support Levels: These are price points (green line/share) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. 20 EMA (Exponential Moving Average): Above 20 EMA: If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum. Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. It's important to remember that while these indicators can be useful, they are not foolproof. Always consider the broader market context and consult with a qualified financial advisor before making any investment decisions.
BSE:SENSEX
by zenthosh
SENSEX S/R for 8/8/24Support and Resistance Levels: Support Levels: These are price points (green line/share) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. 20 EMA (Exponential Moving Average): Above 20 EMA: If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum. Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. It's important to remember that while these indicators can be useful, they are not foolproof. Always consider the broader market context and consult with a qualified financial advisor before making any investment decisions.
BSE:SENSEX
by zenthosh
SENSEX S/R for 7/8/24Support and Resistance Levels: Support Levels: These are price points (green line/share) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. 20 EMA (Exponential Moving Average): Above 20 EMA: If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum. Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. It's important to remember that while these indicators can be useful, they are not foolproof. Always consider the broader market context and consult with a qualified financial advisor before making any investment decisions.
BSE:SENSEX
by zenthosh
SENSEX S/R for 6/8/24Support and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support. Support levels are represented by the green line and green shade, indicating areas where buying interest may emerge to prevent further price decline. Resistance levels are represented by the red line and red shade, indicating areas where selling pressure may arise to prevent further price increases. Traders often consider these levels as potential buying or selling opportunities. Breakouts: Breakouts occur when the price convincingly moves above a resistance level (red shade) or below a support level (green shade). A bullish breakout above resistance suggests the potential for further price increases, while a bearish breakout below support suggests the potential for further price declines. Traders pay attention to these breakout signals as they may indicate the start of a new trend or significant price movement. 20 EMA: The yellow line denotes 20 EMA, to interpret the 20 EMA, you need to compare it with the prevailing stock price. If the stock price is below the 20 EMA, it signals a possible downtrend. But if the stock price is above the 20 EMA, it signals a possible uptrend. Disclosure: I am not SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. It is important to consult with a qualified financial advisor before making any investment decisions. Tweets neither advice nor endorsement.
BSE:SENSEX
by zenthosh
SENSEX S/R for 5/8/24Support and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support. Support levels are represented by the green line and green shade, indicating areas where buying interest may emerge to prevent further price decline. Resistance levels are represented by the red line and red shade, indicating areas where selling pressure may arise to prevent further price increases. Traders often consider these levels as potential buying or selling opportunities. Breakouts: Breakouts occur when the price convincingly moves above a resistance level (red shade) or below a support level (green shade). A bullish breakout above resistance suggests the potential for further price increases, while a bearish breakout below support suggests the potential for further price declines. Traders pay attention to these breakout signals as they may indicate the start of a new trend or significant price movement. 20 EMA: The yellow line denotes 20 EMA, to interpret the 20 EMA, you need to compare it with the prevailing stock price. If the stock price is below the 20 EMA, it signals a possible downtrend. But if the stock price is above the 20 EMA, it signals a possible uptrend. Disclosure: I am not SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. It is important to consult with a qualified financial advisor before making any investment decisions. Tweets neither advice nor endorsement.
BSE:SENSEX
by zenthosh
SENSEX S/R for 1/8/24Support and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support. Support levels are represented by the green line and green shade, indicating areas where buying interest may emerge to prevent further price decline. Resistance levels are represented by the red line and red shade, indicating areas where selling pressure may arise to prevent further price increases. Traders often consider these levels as potential buying or selling opportunities. Breakouts: Breakouts occur when the price convincingly moves above a resistance level (red shade) or below a support level (green shade). A bullish breakout above resistance suggests the potential for further price increases, while a bearish breakout below support suggests the potential for further price declines. Traders pay attention to these breakout signals as they may indicate the start of a new trend or significant price movement. 20 EMA: The yellow line denotes 20 EMA, to interpret the 20 EMA, you need to compare it with the prevailing stock price. If the stock price is below the 20 EMA, it signals a possible downtrend. But if the stock price is above the 20 EMA, it signals a possible uptrend. Disclosure: I am not SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. It is important to consult with a qualified financial advisor before making any investment decisions. Tweets neither advice nor endorsement.
BSE:SENSEX
by zenthosh
SENSEX S/R for 30/7/24Support and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support. Support levels are represented by the green line and green shade, indicating areas where buying interest may emerge to prevent further price decline. Resistance levels are represented by the red line and red shade, indicating areas where selling pressure may arise to prevent further price increases. Traders often consider these levels as potential buying or selling opportunities. Breakouts: Breakouts occur when the price convincingly moves above a resistance level (red shade) or below a support level (green shade). A bullish breakout above resistance suggests the potential for further price increases, while a bearish breakout below support suggests the potential for further price declines. Traders pay attention to these breakout signals as they may indicate the start of a new trend or significant price movement. 20 EMA: The yellow line denotes 20 EMA, to interpret the 20 EMA, you need to compare it with the prevailing stock price. If the stock price is below the 20 EMA, it signals a possible downtrend. But if the stock price is above the 20 EMA, it signals a possible uptrend. Disclosure: I am not SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. It is important to consult with a qualified financial advisor before making any investment decisions. Tweets neither advice nor endorsement.
BSE:SENSEX
by zenthosh
SENSEX- Intraday Levels - 29th July 2024If SENSEX Sustain above 81541 or 81605 then 81814 above this bullish then 82378 to 82416 then 82673 to 82737 then 82979 above this more bullish if SENSEX Sustain Below 81078 below this bearish then 80852 to 80743 below this more bearish then 80516 to 80408 then then 80181 to 80073 then 79846 Consider some buffer points in above levels. Please do your due diligence before trading or investment. **Disclaimer -  I am not a SEBI registered analyst or advisor. I does not represent or endorse the accuracy or reliability of any information, conversation, or content. Stock trading is inherently risky and the users agree to assume complete and full responsibility for the outcomes of all trading decisions that they make, including but not limited to loss of capital. None of these communications should be construed as an offer to buy or sell securities, nor advice to do so. The users understands and acknowledges that there is a very high risk involved in trading securities. By using this information, the user agrees that use of this information is entirely at their own risk. Thank you.
BSE:SENSEX
by PrashantTaralkar
SENSEX S/R for 29/7/24Support and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support. Support levels are represented by the green line and green shade, indicating areas where buying interest may emerge to prevent further price decline. Resistance levels are represented by the red line and red shade, indicating areas where selling pressure may arise to prevent further price increases. Traders often consider these levels as potential buying or selling opportunities. Breakouts: Breakouts occur when the price convincingly moves above a resistance level (red shade) or below a support level (green shade). A bullish breakout above resistance suggests the potential for further price increases, while a bearish breakout below support suggests the potential for further price declines. Traders pay attention to these breakout signals as they may indicate the start of a new trend or significant price movement. 20 EMA: The yellow line denotes 20 EMA, to interpret the 20 EMA, you need to compare it with the prevailing stock price. If the stock price is below the 20 EMA, it signals a possible downtrend. But if the stock price is above the 20 EMA, it signals a possible uptrend. Disclosure: I am not SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. It is important to consult with a qualified financial advisor before making any investment decisions. Tweets neither advice nor endorsement.
BSE:SENSEX
by zenthosh
Sensex Prediction for 26-07-2024: Support & Resistance LevelsFind a Trade in the Choppy Zones Today, the Sensex experienced a volatile session, opening slightly lower and fluctuating throughout the day. The index eventually closed with a marginal decline of 0.13%, indicating a lack of clear direction in the market. The first support level is at 79,700, followed by 79,450, with a stronger support at 79,100. On the upside, the initial resistance is at 80,250 and a stronger resistance at 80,600. While some sectors witnessed gains, others faced pressure, leading to a mixed performance among constituent stocks. The Sensex is likely to exhibit a cautious trend tomorrow. Recent market movements suggest potential consolidation. While there might be opportunities for short-term gains, investors are advised to exercise prudence. The Market is making inverse head and shoulder pattern on the defined time frame, which might lead to a breakout upto 80,350 to 80,500. Sensex Support & Resistance Levels for Tomorrow: Support Levels: The first support level is at 79,700 followed by 79,450 and a stronger support at 79,100. Resistance Levels: On the upside, the initial resistance is at 80,250 and strong resistance at 80,600. Technical Indicators for Sensex Prediction: Max Pain: 80,000 PCR (Put-Call Ratio): 0.91 Neutral IV (Implied Volatility): 14.15 as of the closing on 25-07-2024. Stay tuned for more updates on Sensex prediction for tomorrow to navigate the volatile market conditions effectively. Disclosure: I am not SEBI registered analyst. The information provided is for educational purposes only and should not be considered financial advice. Consult a qualified financial advisor before making any investment decisions. Social media shares on any platform are not endorsed or supported by the publisher.
BSE:SENSEX
by shvishal
SENSEX S/R for 24/7/24Support and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support. Support levels are represented by the green line and green shade, indicating areas where buying interest may emerge to prevent further price decline. Resistance levels are represented by the red line and red shade, indicating areas where selling pressure may arise to prevent further price increases. Traders often consider these levels as potential buying or selling opportunities. Breakouts: Breakouts occur when the price convincingly moves above a resistance level (red shade) or below a support level (green shade). A bullish breakout above resistance suggests the potential for further price increases, while a bearish breakout below support suggests the potential for further price declines. Traders pay attention to these breakout signals as they may indicate the start of a new trend or significant price movement. 20 EMA: The yellow line denotes 20 EMA, to interpret the 20 EMA, you need to compare it with the prevailing stock price. If the stock price is below the 20 EMA, it signals a possible downtrend. But if the stock price is above the 20 EMA, it signals a possible uptrend. Disclosure: I am not SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. It is important to consult with a qualified financial advisor before making any investment decisions. Tweets neither advice nor endorsement.
BSE:SENSEX
by zenthosh
SENSEX S/R for 23/7/24Support and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support. Support levels are represented by the green line and green shade, indicating areas where buying interest may emerge to prevent further price decline. Resistance levels are represented by the red line and red shade, indicating areas where selling pressure may arise to prevent further price increases. Traders often consider these levels as potential buying or selling opportunities. Breakouts: Breakouts occur when the price convincingly moves above a resistance level (red shade) or below a support level (green shade). A bullish breakout above resistance suggests the potential for further price increases, while a bearish breakout below support suggests the potential for further price declines. Traders pay attention to these breakout signals as they may indicate the start of a new trend or significant price movement. 20 EMA: The yellow line denotes 20 EMA, to interpret the 20 EMA, you need to compare it with the prevailing stock price. If the stock price is below the 20 EMA, it signals a possible downtrend. But if the stock price is above the 20 EMA, it signals a possible uptrend. Disclosure: I am not SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. It is important to consult with a qualified financial advisor before making any investment decisions. Tweets neither advice nor endorsement.
BSE:SENSEX
by zenthosh
SENSEX S/R for 22/7/24Support and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support. Support levels are represented by the green line and green shade, indicating areas where buying interest may emerge to prevent further price decline. Resistance levels are represented by the red line and red shade, indicating areas where selling pressure may arise to prevent further price increases. Traders often consider these levels as potential buying or selling opportunities. Breakouts: Breakouts occur when the price convincingly moves above a resistance level (red shade) or below a support level (green shade). A bullish breakout above resistance suggests the potential for further price increases, while a bearish breakout below support suggests the potential for further price declines. Traders pay attention to these breakout signals as they may indicate the start of a new trend or significant price movement. 20 EMA: The yellow line denotes 20 EMA, to interpret the 20 EMA, you need to compare it with the prevailing stock price. If the stock price is below the 20 EMA, it signals a possible downtrend. But if the stock price is above the 20 EMA, it signals a possible uptrend. Disclosure: I am not SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. It is important to consult with a qualified financial advisor before making any investment decisions. Tweets neither advice nor endorsement.
BSE:SENSEX
by zenthosh
SENSEX S/R for 19/7/24Support and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support. Support levels are represented by the green line and green shade, indicating areas where buying interest may emerge to prevent further price decline. Resistance levels are represented by the red line and red shade, indicating areas where selling pressure may arise to prevent further price increases. Traders often consider these levels as potential buying or selling opportunities. Breakouts: Breakouts occur when the price convincingly moves above a resistance level (red shade) or below a support level (green shade). A bullish breakout above resistance suggests the potential for further price increases, while a bearish breakout below support suggests the potential for further price declines. Traders pay attention to these breakout signals as they may indicate the start of a new trend or significant price movement. 20 EMA: The yellow line denotes 20 EMA, to interpret the 20 EMA, you need to compare it with the prevailing stock price. If the stock price is below the 20 EMA, it signals a possible downtrend. But if the stock price is above the 20 EMA, it signals a possible uptrend. Disclosure: I am not SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. It is important to consult with a qualified financial advisor before making any investment decisions. Tweets neither advice nor endorsement.
BSE:SENSEX
by zenthosh
SENSEX S/R for 18/7/24Support and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support. Support levels are represented by the green line and green shade, indicating areas where buying interest may emerge to prevent further price decline. Resistance levels are represented by the red line and red shade, indicating areas where selling pressure may arise to prevent further price increases. Traders often consider these levels as potential buying or selling opportunities. Breakouts: Breakouts occur when the price convincingly moves above a resistance level (red shade) or below a support level (green shade). A bullish breakout above resistance suggests the potential for further price increases, while a bearish breakout below support suggests the potential for further price declines. Traders pay attention to these breakout signals as they may indicate the start of a new trend or significant price movement. 20 EMA: The yellow line denotes 20 EMA, to interpret the 20 EMA, you need to compare it with the prevailing stock price. If the stock price is below the 20 EMA, it signals a possible downtrend. But if the stock price is above the 20 EMA, it signals a possible uptrend. Disclosure: I am not SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. It is important to consult with a qualified financial advisor before making any investment decisions. Tweets neither advice nor endorsement.
BSE:SENSEX
by zenthosh
SENSEX S/R for 16/7/24Support and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support. Support levels are represented by the green line and green shade, indicating areas where buying interest may emerge to prevent further price decline. Resistance levels are represented by the red line and red shade, indicating areas where selling pressure may arise to prevent further price increases. Traders often consider these levels as potential buying or selling opportunities. Breakouts: Breakouts occur when the price convincingly moves above a resistance level (red shade) or below a support level (green shade). A bullish breakout above resistance suggests the potential for further price increases, while a bearish breakout below support suggests the potential for further price declines. Traders pay attention to these breakout signals as they may indicate the start of a new trend or significant price movement. 20 EMA: The yellow line denotes 20 EMA, to interpret the 20 EMA, you need to compare it with the prevailing stock price. If the stock price is below the 20 EMA, it signals a possible downtrend. But if the stock price is above the 20 EMA, it signals a possible uptrend. Disclosure: I am not SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. It is important to consult with a qualified financial advisor before making any investment decisions. Tweets neither advice nor endorsement.
BSE:SENSEX
by zenthosh