NSE:BSE had been in bearish stance for so long time. Contemporary stocks like CDSL at least holding their upper levels but it is continuously showing lower levels. And today it broke it's 550 and 490-500 seems coming.
BSE Ltd. is a quality stock as it offers the holders promising fundamentals & the dividend payout is also good.
Possibility of Upside in sight if trend breaks the wedge. Good stock for long position.
Technical: Falling Wedge
Time Frame: 12-16 months
1) On daily time frame, we can see that it has made bullish spinning top candle.
Also it closed below 21DMA and it is trading above 50DMA.
50 DMA which is placed at 1240.07 level which will work as major immediate support.
and 21DMA which is placed at 1330.53 level which will work as immediate resistance.
Sustainable breakout of...