BSE - Support Break with Bullish Recovery SetupSymbol: BSE (Bombay Stock Exchange)
Timeframe: Daily
Key Levels:
✅ Breakdown: 2500 (closed below) → Next support: 2300 → 2000 (major).
✅ Bullish Anchor: Price > 200 MA + ascending trendline (Jan 20, 2025 breakout now support).
📊 Technical Structure
Critical Support Break:
-Daily close below 2500 (confirmed breakdown of key support).
-Next supports: 2300 (immediate) → 2000 (major swing low).
Bullish Anchors:
-Price above 200-day MA (long-term uptrend intact).
Ascending Trendline Support:
-Originating from Jan 20, 2025 (resistance until May 13 breakout).
-Now acting as dynamic support (resistance-turned-support).
Key Reversal Signal: Watch for reclaim of 2500
-Requires strong bullish candle + above-average volume.
-Confirms failed breakdown and resumption of uptrend.
🎯 Trading Plan
Scenario 1: Buy Dips (Conservative)
Entry Zone:
-Layer 1: 2300 (trendline + horizontal support confluence).
-Layer 2: 2000 (swing low + 200 MA reinforcement).
-Stop Loss: 1950 (below 2000 structure).
-Targets: 2500 → 2700 → 2900.
Scenario 2: Breakout Re-entry (Aggressive)
Trigger: Daily close above 2500 with: Bullish candle (preferably >1.5% gain).
-Volume ≥ 20% above 10-day average.
-Stop Loss: 2450 (below breakout level).
-Targets: 2700 → 2900 (measured move).
⚠️ Risk Management
Position Size: ≤3% capital per trade.
Invalidation Conditions:
-Close below 2000 (invalidates bullish thesis).
-Failed 2500 reclaim (weak volume/rejection candle).
Disclaimer: Not financial advice. Conduct your own due diligence. Past performance ≠ future results. Risk capital only.
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