S&P BSE SENSEX technical analysis
Technical analysis of S&P BSE SENSEX (index) with the Montbon Method — Elliott Waves, moving averages and a 0–100 score.
What is S&P BSE SENSEX
The S&P BSE SENSEX is the primary stock index of the Mumbai Stock Exchange (BSE), comprising the 30 largest listed companies in India and serving as a benchmark for the Indian equity market performance.
Description generated automatically from public sources; it may be inaccurate or out of date.
S&P BSE SENSEX: latest session data
Closing values for October 18, 2026, computed on the last 12 months of prices.
Moving averages
21 sessions
73,260.53 $
+0.81%
50 sessions
75,266.49 $
−1.88%
200 sessions
77,705.27 $
−4.96%
Session levels
s2
73,741.23
Support
s1
74,235.25
Support
pivot
74,507.02
Pivot
r1
75,001.04
Resistance
r2
75,272.80
Resistance
How to read it
In the October 18, 2026 session S&P BSE SENSEX closed lower at 73,852.90 $, −1.17% versus the previous session.
The price sits mixed against its moving averages: +0.81% against the 21-session average, −1.88% against the 50 and −4.96% against the 200.
The 14-period RSI reads 50.2, in neutral territory.
MACD stands at -411.516 against a signal line at -746.802: the histogram is positive (+335.286).
ADX reads 34.9, indicating a marked directionality.
Levels computed on the latest session place supports at 74,235.25 and 73,741.23 $ and resistances at 75,001.04 and 75,272.80 $, around a pivot of 74,507.02.
The average daily range (ATR) is 903.928 $, or 1.22% of price.
Turnover was 14.8K shares, 38% of the 20-session average.
Over the last twelve months the price ranged between 71,292.88 and 79,143.15 $, and today stands −6.68% from the period high.
Measures computed on closing prices. They describe the past; they are not forecasts.
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How Montbon’s technical analysis works
Montbon analyses markets with Elliott Waves, multi-timeframe moving averages and a 0–100 score summarising the technical setup. It is an informational screening tool.
Elliott Waves
Wave counting to frame the price structure.
MTF moving averages
Moving averages across timeframes to read the trend.
0–100 score
A technical summary of the setup, updated daily.
FAQ about S&P BSE SENSEX
How is S&P BSE SENSEX analysed technically?
Technical analysis of S&P BSE SENSEX is based on price charts and indicators such as moving averages, RSI and MACD, to observe trend, momentum and volatility across different time horizons.
Which timeframes are used for S&P BSE SENSEX?
The daily and weekly charts are typically used for medium-to-long-term trends, while intraday charts (for example 1-hour or 15-minute) are used for short-term movements.
What are Elliott Waves applied to S&P BSE SENSEX?
Elliott Wave theory describes price moves as sequences of impulsive and corrective waves; applied to S&P BSE SENSEX it helps frame the technical structure of the historical chart and is not a forecast.
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