📅 Date: June 29, 2025
📊 Index: S&P BSE Sensex – Daily Chart (BSE)
🔹 Last Week Highlights (June 24–28, 2025)
The Sensex ended the week with strong gains, closing at 84,058.90, up +303.03 points (+0.36%) on the last trading day of June. The index maintained bullish momentum throughout the week and decisively broke above the previous resistance zone, closing at a new all-time high.
📈 Technical Analysis: Bullish Continuation Breakout
The daily chart signals strength in the short-term trend. Here’s a deeper look into the chart action:
✅ Bollinger Bands Observation:
- Upper Band: 83,664.07
- Middle Band (20 SMA): 82,000.98
- Lower Band: 80,337.88
🔹 Breakout Above Upper Band: Sensex has closed well above the upper Bollinger Band, indicating strong bullish pressure and a volatility expansion phase.
✅ Volume & Price Action:
- A steady climb in price without excessive volume spikes indicates controlled institutional buying rather than a short-covering rally.
- No signs of exhaustion candles or bearish divergences — suggesting bulls remain firmly in control.
✅ Support Zones:
- First support now rests at 83,664 (upper Bollinger band).
- Further support lies at 82,000 (20-day SMA), forming a solid base.
✅ Resistance:
- With Sensex in uncharted territory, psychological levels such as 85,000 could act as the next near-term resistance.
📅 Next Week’s Trend Outlook (July 1–5, 2025)
The trend continues to favor the bulls, and Sensex may test the 85,000 mark early next week if current momentum persists. However, as the index is now trading in the overbought region (above upper Bollinger Band), some consolidation or sideways movement cannot be ruled out.
🔮 Key Levels to Watch:
- Resistance Zone: 84,500 – 85,000
- Support Levels: 83,664 and 82,000
- Trend Reversal Signal: Only a close below 82,000 would weaken the bullish structure
📌 Conclusion
The Sensex has clearly entered a strong bullish breakout phase, supported by solid price structure and closing above the upper Bollinger Band. As we enter July, the path of least resistance remains upward, with traders eyeing 85,000+ levels. However, watch for signs of fatigue as profit-taking or consolidation could follow after steep rallies.
🔗 Internal Link Suggestion
Explore our Nifty Weekly Technical Outlook → for a full view of the Indian equity markets.
⚠️ Disclaimer
This article is for informational purposes only. It does not constitute investment advice or a recommendation. Please consult your financial advisor before making trading decisions. Market investments are subject to risk.
🖊 Published by: StockMarketRulers.com
📊 Trusted insights on Sensex, Nifty, and global indices.
