-After masterfully following its beautiful rise, the BSE500 index is using the long average (white line) as a support point on the daily chart. - According to the previous analysis , we had a projection for an increase to the region of 23500 (but not as aggressive as it was, as I expected a little more calm). Now, the index has to overcome the long average to...
-A quick look at the current situation of BSE500 prices according to graphical analysis! -Monthly bearish bias, support levels are at: 22.5K and 22.2K. With the loss of the last support at 22.2K, prices will look for the 22K region. -The daily chart is showing that prices are trying to reverse the dominant downtrend, where, we can see above the downtrend line...
Relationship between Nifty 50 and BSE 500 (equivalent of US 500). A Perfect Correlation.