BSE Limited (BSE) Stock - Complete Technical Analysis - Oct 24, 2024

Unlocking Potential: Technical Analysis of BSE Limited Stock

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's stock is demonstrating a bullish momentum with a current price of 4,325, marking it as 13.32% below its recent 52-week high of 4,989.8 achieved on October 14, 2024, while showcasing a remarkable gain of 172.67% from its 52-week low of 1,586.15 from October 26, 2023. The ADX indicates a strong trend, while the MACD signals upward momentum. The RSI suggests a balanced condition, showing no extreme market sentiment.

Support levels are crucial, with immediate support noted at 4,275 and further support at 4,180 driven by both Exponential and Simple Moving Averages. Resistance is anticipated at 4,356, where breaking this level could lead to further bullish action, possibly targeting 4,500. Recent trading sessions reveal considerable volatility, with significant price fluctuations indicating a potential reversal pattern forming. Traders should be cautious of any sudden declines below 4,275, which could indicate a shift in trend, while observing any breakout above 4,356 as a potential buying signal. With impressive ROCE and ROE figures, BSE Limited stands on a solid fundamental foundation supporting its technical performance.