BSE has completed a smooth cup‑and‑handle structure on the daily chart, reclaiming the prior supply zone and converting it into a fresh support base. Price broke above the earlier resistance band and is now pulling back to retest this zone, while staying above key moving averages and maintaining higher‑high, higher‑low structure.
The current red box highlights a low‑risk demand area where buyers previously stepped in aggressively, with the grey box projecting the upside swing potential. Plan is to look for bullish rejection candles in this retest zone to go long, keeping the stop below recent swing support and targeting the prior high and trail‑target region marked near the top of the green zone. A clean close back below the retest band will invalidate the setup; otherwise, expectation is continuation of the primary uptrend toward the projected upper target region.
#BSE #BSELtd #BombayStockExchange #IndianStockMarket #StockMarketIndia #ShareMarket #Sensex #NSE #DalalStreet #SwingTrading #CupAndHandle #BreakoutTrade #TechnicalAnalysis #PriceAction #TradingSetup #EquityTrading #StockMarket #Investing #TradeToWin
The current red box highlights a low‑risk demand area where buyers previously stepped in aggressively, with the grey box projecting the upside swing potential. Plan is to look for bullish rejection candles in this retest zone to go long, keeping the stop below recent swing support and targeting the prior high and trail‑target region marked near the top of the green zone. A clean close back below the retest band will invalidate the setup; otherwise, expectation is continuation of the primary uptrend toward the projected upper target region.
#BSE #BSELtd #BombayStockExchange #IndianStockMarket #StockMarketIndia #ShareMarket #Sensex #NSE #DalalStreet #SwingTrading #CupAndHandle #BreakoutTrade #TechnicalAnalysis #PriceAction #TradingSetup #EquityTrading #StockMarket #Investing #TradeToWin
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.