S&P BSE SENSEX (999901.BO)

Close: 78 473.00 (-67.30), Dec 24, 2024
Positive

Low risk

chart S&P BSE SENSEX (999901) Candlesticks 22 Days
Candlesticks
chart S&P BSE SENSEX (999901) Short term
Short term: Hold
chart S&P BSE SENSEX (999901) Medium term
Medium term: Positive
chart S&P BSE SENSEX (999901) Long term
Long term: Positive
chart S&P BSE SENSEX (999901)
RSI - Relative Strength Index

Short term

S&P BSE SENSEX has broken the rising trend channel in the short term and reacted strongly down. For the time being, it is difficult to say anything about the future trend direction. The index has support at points 77200 and resistance at points 81200. The index is assessed as technically neutral for the short term.

Recommendation one to six weeks: Hold (Score: 0)

Medium term

S&P BSE SENSEX has broken through the floor of a rising trend channel in the medium long term. This indicates a slower rising rate at first, or the start of a more horizontal development. A head and shoulders formation is under development. A decisive break of the support at 76697, ideally with an increase in volume, signals a further fall. The index is approaching support at 77300 points, which may give a positive reaction. However, a break downwards through 77300 points will be a negative signal. The index is overall assessed as technically positive for the medium long term.

Recommendation one to six months: Positive (Score: 51)

Long term

Investors have paid higher prices over time to buy S&P BSE SENSEX and the index is in a rising trend channel in the long term. This signals increasing optimism among investors and indicates continued rise. A head and shoulders formation is, however, under development. A decisive break of the support at 76697, ideally with an increase in volume, signals a further fall. The index has support at points 62000 and resistance at points 86000. The RSI curve shows a falling trend, which is an early signal of a possible trend reversal downwards for the price as well. The index is overall assessed as technically positive for the long term.

Recommendation one to six quarters: Positive (Score: 63)


Overall analysis

S&P BSE SENSEX is technically neutral for the short term, but positive for the medium and long term.

Recommendation one to six months: Positive (Score: 58)

Period  
 Vol.bal. Volatility Liquidity +/- %
1 day-0.55%0.00-0.09%
5 days0.001.89%0.00-2.74%
22 days0.004.93%0.00-0.81%
66 days0.009.73%0.00-5.55%
 


Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer. The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.


Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer. The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.

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