📊 Bombay Stock Exchange (BSE) - Technical Analysis - 02/02/2024
Current Status:
Recent Trend:
Technical Indicators:
Trading Strategy:
Conclusion:
Considering the bullish indicators, the stock shows potential for short-term gains. Suitable for traders looking for momentum-based opportunities. 🌪️📈
Disclaimer:
This analysis is for informational purposes only and does not constitute investment advice. Investing in stocks involves risks, including the loss of principal. Investors should conduct their own research or consult a financial advisor before making decisions. 🚫💰🔍
Hashtags:
#BSE #StockAnalysis #TechnicalAnalysis #Trading #StockMarket #Fibonacci #BullishTrends #Investment #Finance
Current Status:
- Closing Price: 2,493.45 📈
- Gain: 7.31% ✅
- Fibonacci Level: Above 0.786 🌀
Recent Trend:
- Reversed Downward Trend ↗️
- Above 50-day Moving Average 📈
- Increasing Volume 📶
Technical Indicators:
- MACD: Crossover on 31/01/2024 🔄
- Static RSI: Bullish Crossover on 29/01/2024 🐂
- Stochastic RSI: Upper Band Strength 💪
- Fisher 9: Buy Crossover, Middle Segment 🛒📊
Trading Strategy:
- Entry Point: 2,512.35 🚪
- Target 1: 2,595.75 (Key Fibonacci Level) 🎯
- Stop Loss: 2,287.80 🔴
Conclusion:
Considering the bullish indicators, the stock shows potential for short-term gains. Suitable for traders looking for momentum-based opportunities. 🌪️📈
Disclaimer:
This analysis is for informational purposes only and does not constitute investment advice. Investing in stocks involves risks, including the loss of principal. Investors should conduct their own research or consult a financial advisor before making decisions. 🚫💰🔍
Hashtags:
#BSE #StockAnalysis #TechnicalAnalysis #Trading #StockMarket #Fibonacci #BullishTrends #Investment #Finance