Will Sensex fall to 69,000 or cross 100,000 in 2025? What tech charts say

Q: How long will it take to read this news story?

The story "Will Sensex fall to 69,000 or cross 100,000 in 2025? What tech charts say" has 769 words across 22 sentences, which will take approximately 4 - 7 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Will Sensex fall to 69,000 or cross 100,000 in 2025? What tech charts say" was covered 6 days ago by Business Standard, a news publisher based in India.

Q: How trustworthy is 'Business Standard' news outlet?

Business Standard is a fully independent (privately-owned) news outlet established in 1975 that covers mostly business and finance news. The outlet is headquartered in India and publishes an average of 122 news stories per day. It's most recent story was published 3 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #24731066</li><li>URL: https://beamstart.com/news/will-sensex-fall-to-69000-17355301456581</li></ul>

Business Standard Logo Business Standard 6d ago

Will Sensex fall to 69,000 or cross 100,000 in 2025? What tech charts say - Business Standard

Quick Summary:

The yearly Fibonacci chart suggests that the BSE benchmark index can gyrate in the 69,000 - 88,600 range in the calendar year 2025; an upside breakout of the range can trigger fresh momentum.

Intermediate support for the BSE Sensex is placed at 74,500, 72,600 and 70,700 levels; whereas, resistance can be expected around 82,500, 84,800 and 86,700 levels. In the worst case scenario the Sensex could slide all-the-way to 62,700 levels.

The worrying aspect is that the key momentum oscillators are unfavourably placed on the daily and the weekly scale. Technically, the Nifty is seen testing support around its 50-WMA (Weekly Moving Average), which stands at 23,570, a key indicator the NSE index has not violated in the last 21 months.