SENSEX : to correct 10% from here ?
SENSEX
after the index had a spectacular rally for more than one year
from 2020 ( march ) covid crash low of 25000 levels to 52300 in 2021 ( june )
is heading towards major resistance ,
and can have a correction of 10% from here ,
due to many valid factors
factor 1 : bearish harmonics pattern ( monthly )
factor 2 : fibonacii reversal zone 1.618
factor 3 : resistance & upper resistance trend line
factor 4 : stochastic RSI at overbought zone of 100
factor 5 : highly stretched valuation
from CMP 52300 can correct up to with
targets : 49100 / 47740 / 46160 / 44315
stop loss of 53875 closing above trend line
after the index had a spectacular rally for more than one year
from 2020 ( march ) covid crash low of 25000 levels to 52300 in 2021 ( june )
is heading towards major resistance ,
and can have a correction of 10% from here ,
due to many valid factors
factor 1 : bearish harmonics pattern ( monthly )
factor 2 : fibonacii reversal zone 1.618
factor 3 : resistance & upper resistance trend line
factor 4 : stochastic RSI at overbought zone of 100
factor 5 : highly stretched valuation
from CMP 52300 can correct up to with
targets : 49100 / 47740 / 46160 / 44315
stop loss of 53875 closing above trend line
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.