BSE trade ideas
BSE Breakout on D time frameThis is only for my educational purpose.
If this trend continues, BSE may go up.
BSEBSE seems to have completed Wave 4 correction and might be attempting for Wave 5. I have placed my thesis here. Invalidation level is 535 and we can expect 680-725 levels as Wave 5 TGTs
BSE Stock is getting ready for 5th Wave rally. Above 630 momentum may accelerate. Keep SL around 535 for the TGTs of 750-780
BSEWeekly charts - Respecting 1 yr old trendline. Ready for Breakout of Cup and Handle. Can also spot Inverted H & S inside Cup and handle.
BSE giving buy on multiple parameter20,50 taking support from 100 moving average
Relative strength given breakout
RSI also showing upward momentum
Structure change to LL=LH to HH=HL
BSE at great buying level603-605 range a resistance with significant supply zone. Once crossed can reach 730-750 and 1000+
RSI Breakout #BSE LtdTrend line BO, RSI - BO, Making HL, Stock moves after 3 Month, Daily RSI - Crossed and taking support 60. Volume Spurt with Follow-Up Volume. SL - 530 DCB. Upside potential - 690 - 830 Risk Reward is 1:3, RS is increasing.
BSE : Short & Mid term viewApart from patterns, It may turns bullish side on monthly chart. It is not participated much on market rally. Monthly MACD is positive and also other indicators also showing positive signals. Any time can shoot-up. At first, Daily MACD crossover helps to move upside from the current levels and it may reach the targets on upcoming weeks/Months.
CMP:586.55
Vijayaraghavan.K,
Kovilpatti.
BSE: Possible BUY on the back of misfortunes of NSEBSE is no threat to NSE on any possible metric. After NSE's listing, it will benefit only to the extent that NSE will be listed on BSE !
Its in a parallel channel since April.
Now at 572, its a buy.
