S&P BSE SENSEX (SENSEX.BO)

Close: 48 733.00 (+41.75), May 14, 2021
Negative

Medium risk

Automatic technical analysis. Medium term, May 14, 2021

S&P BSE SENSEX has broken the floor of the rising trend channel in the medium long term, which indicates a weaker initial rising rate. An inverse head and shoulders formation is under development. A decisive break of the resistance at 49571, ideally with an increase in volume, signals a further rise. The index has broken down through the support at points 49500. This predicts a further decline. In case of positive reactions, there will now be resistance at points 49500. The index is overall assessed as technically negative for the medium long term.

Recommendation one to six months: Negative (Score: -54)

Period  
Vol.bal. Volatility Liquidity +/- %
1 day-1.10%0.00+0.09%
5 days0.003.68%0.00-0.44%
22 days0.0010.68%0.00-1.73%
66 days0.0026.40%0.00-3.03%

More analyses of S&P BSE SENSEX

chart S&P BSE SENSEX (SENSEX) Candlesticks 22 Days
Candlesticks
chart S&P BSE SENSEX (SENSEX) Short term
Short term: Negative
chart S&P BSE SENSEX (SENSEX) Medium term
Medium term: Negative
chart S&P BSE SENSEX (SENSEX) Long term
Long term: Weak Positive
 


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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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