The BSE has shown a promising flag pattern breakout, indicating potential bullish momentum in the near term. Sustaining above the key level of 2890, the index is poised for further upward movement, with a target around 3400. Let's delve deeper into the technical analysis to understand the potential trajectory.
Technical Analysis:
Flag Pattern Breakout: The BSE...
ATH breakout of BSE. BSE just broke the upper resistance level of 2600. the volume of the breaout candle is also good. but it didnt consolidate before breakout. so there is a chance that BSE will move in a range for a few days after breakout. and after that if it makes a positive price action, we may go for a long entry.
Disclaimer: All information provided here...
SWADESHI POLYTEX looks good on Weekly tf as it is forming base upon base pattern which is basically ACCUMALATION for a Possible RALLY, we have VOLUME dryup while its moving UP which is a good sign.
bse downtrend will continue
as it seems to be in zig zag correction
5-3-5 formation
downfall came in five , sharp upmove came in 3 steps
now again down trend continuing possible five wave formation may form ,
let's wait and watch
it is an analysis , not a trading advice trade with your due diligence.
BSE Ltd - 30.08.2022
The stock is trading @ 651 levels
THERE IS A MACD BULLISH DIVERGENCE IN DAILY CHART
RSI needs a BREAKOUT in Weekly Chart
RESISTANCE @ 671 LEVELS
WATCH OUT FOR THE FURTHER UPSIDE MOVEMENT
important points are 217,244
TOP POINT : 277
: entry & exit is very important
: try to manage money management
: know your stop loss
: find the chart pattern / analysis the chart before you enter
BSE LTD Make Pall & Flag Flag Pattern But not confirm now ,
BSE Breakout 901 and sustained above 900 than confirm Pall & Flag Pattern Confirmation,
BSE Breakout and sustained above 901-10 than next move 955-60 Sustained above 955 than next move on 1024 and than open the sky of pall and flag pattern Target Move 1300 possible ,
But Now the time market Stay in...
BSE:
Sector: Banking and Finance
Industry: Exchange
BSE (Daily):
1. Stock is consolidating at 38.2 Fibo levels
2. Forming Penant pattern
3. Long above closing of 920 levels (after breakout)
Addl Points:
1. FII/FPI have increased holdings from 7.59% to 9.06% in Dec 2021 qtr.
2. Mutual Funds have decreased holdings from 1.28% to 0.77% in Dec 2021 qtr
Note:...
NSE:BSE
Observations:
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...
![BSE: Simple Trade Setup | BSE | 01-11-2021 [ INTRADAY]](https://s3.tradingview.com/d/dhzBBbhF_mid.png "Simple Trade Setup | BSE | 01-11-2021 [ INTRADAY]")
