BSE Limited (BSE) Stock - Complete Technical Analysis - Sep 18, 2024

BSE Limited Technical Analysis: Key Support & Resistance Levels You Must Know

Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Investing in stocks involves risks, and it's essential to conduct thorough research or consult with a financial advisor before making investment decisions.

BSE Limited (BSE) is currently trading at 3,896, which is slightly below its 52-week high and significantly above its 52-week low. The stock shows strong bullish momentum with the RSI and Stochastic indicators in the overbought region, suggesting that it could be ripe for a short-term correction. The MACD confirms this bullish trend, while the ADX indicates a strong trend presence.

Despite these positive indicators, the recent candle patterns, including a spinning top, hint at market indecision. The high Commodity Channel Index and Awesome Oscillator reinforce the strength of the current uptrend, but caution is advised due to the potential for increased volatility.

Key support levels to watch are around 3,750 to 3,800, while resistance might be encountered near 3,900 to 4,000. Given the high ATR, traders should be prepared for significant price swings. Keeping an eye on these levels will be crucial for navigating potential market movements.