SENSEX 16-20 December 2024 Trends: Weekly Forecast for Traders

By | December 15, 2024 12:12 pm

The following astrological events are lined up for the upcoming week, indicating the potential for heightened market volatility, especially after Friday’s wild move:

  1. Full Moon
  2. Mercury Turning Direct
  3. Mercury Extreme Declination
  4. Bayer’s Rule No. 38:“Some mighty fine tops and bottoms are produced when Mercury, in this motion, passes the mentioned degrees.”
  5. Moon Conjunct Mars
  6. Gann Emblem Date

These events suggest that the market could witness sharp reversals and increased momentum. Combining astrological insights with technical analysis can help traders identify key opportunities during this period of expected volatility.

Astro analysis can help identify trends and reversals in the market, and it can be used in combination with other technical analysis methods to improve the accuracy of trading strategies. Gann analysis involves studying charts and identifying support and resistance levels to pinpoint potential trading opportunities.

SENSEX Harmonic Pattern

SHARK Pattern is forming with price can rise towards till 83474 till holding 81033.

SENSEX Gann Angles

Price is heading towards 1×1 gann at 82500 till holding 79000.

SENSEX  Supply and Demand

Self Explanatory Chart

SENSEX  Time Analysis Pressure Dates

16 December is the Important Gann/Astro Date for coming week.

SENSEX  Weekly Chart

Price has formed a Weekly Inside Bar above AF zone.

SENSEX Monthly Charts

81058 is Monthly resistance  zone 77468 is Support zone. 

SENSEX Weekly Levels

SENSEX Trend Deciding Level: 82042

SENSEX Resistance: 82323,82604,82885,83166

SENSEX Support: 81761,81480,81199,80729

Levels mentioned are SENSEX Spot

As always I wish you maximum health and trading success

Category: SENSEX WEEKLY ANALYSIS

About Bramesh

Bramesh Bhandari has been actively trading the Indian Stock Markets since over 15+ Years. His primary strategies are his interpretations and applications of Gann And Astro Methodologies developed over the past decade.

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