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Investtech Indices
S&P BSE SENSEX (999901.BO)
Close: 76 906.00 (+557.45), Mar 21, 2025
Negative
Low risk
Automatic technical analysis. Medium term, Mar 21, 2025
S&P BSE SENSEX has broken through the ceiling of a falling trend channel in the medium long term. This indicates a slower falling rate initially, or the start of a more horizontal development. The price has reacted back after a false break of the head and shoulders formation. A significant penetration of 75918 will again give new negative signals to the index, while a break of the opposite side of the formation will be a strong positive signal. The index is testing resistance at points 77000. This could give a negative reaction, but an upward breakthrough of points 77000 means a positive signal. The index is overall assessed as technically negative for the medium long term.Recommendation one to six months: Negative (Score: -81)
More analyses of S&P BSE SENSEX
Candlesticks
Short term: Negative
Medium term: Negative
Long term: Hold
Learn more about key technical aspects of this stock:
TrendFalling trend breaking upwards
Falling trends indicate that the company experiences negative development and decreasing buy interest among investors. Breaks up indicate a weaker rate of decline than before, but usually a continued fall in the long term.
Price formationHead and shoulders formation
A sell signal from a head and shoulders formation signals increasing pessimism among investors and the start of a falling trend. Formations like this are considered some of the most reliable formations in technical analysis.
Support and resistancePrice near resistance
Price is near resistance. The stock has reversed here before. Many investors find it to be expensive and may wish to sell.
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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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