S&P BSE SENSEX (SENSEX.BO)

Close: 45 080.00 (+446.90), Dec 4, 2020
Positive

Medium risk

Automatic technical analysis. Medium term, Dec 4, 2020

S&P BSE SENSEX is in a rising trend channel in the medium long term. This signals increasing optimism among investors and indicates continued rise. There is no resistance in the price chart and further rise is indicated. In case of a negative reaction, the index has support at approximately 41600 points. RSI above 70 shows that the index has strong positive momentum in the short term. Investors have steadily paid more to buy the index, which indicates increasing optimism and that the price will continue to rise. However, particularly for big stocks, high RSI may be a sign that the stock is overbought and that there is a chance of a reaction downwards. The index is overall assessed as technically positive for the medium long term.

Recommendation one to six months: Positive (Score: 89)

Period  
Vol.bal. Volatility Liquidity +/- %
1 day-1.06%0.00+1.00%
5 days0.003.52%0.00+1.85%
22 days0.0010.15%0.00+13.39%
66 days0.0023.55%0.00+16.70%

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: Positive
chart S&P BSE SENSEX (SENSEX) Medium term
Medium term: Positive
chart S&P BSE SENSEX (SENSEX) Long term
Long term: 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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