Sensex Assessment – Bear Market
• Most Reliable resistance level will be broken, If the Price Comes below Support level, then this will act as Resistance and you can expect the market to go down 28,000
• Head and Shoulder Pattern is in formation, the stock to be sold once the re-test done as marked on the chart
• Market have reached 1.618 Level which is most high point, now the market should reverse as a corrective action
• 1st Sell Target to be set to 28000, Will be able to give exact target once the retest is done
• Most Reliable resistance level will be broken, If the Price Comes below Support level, then this will act as Resistance and you can expect the market to go down 28,000
• Head and Shoulder Pattern is in formation, the stock to be sold once the re-test done as marked on the chart
• Market have reached 1.618 Level which is most high point, now the market should reverse as a corrective action
• 1st Sell Target to be set to 28000, Will be able to give exact target once the retest is done