BSE trade ideas
#BSE making pole n flag pattern, above 2934 fatega kya?#BSE CMP 2768, broke out on 1st April 2024 and since then has been consolidating in a small range of 2900-2700 and has made pole n flag structure along with an inside candle pattern.
Breakout above 2894 can take it towards 2971/3005(imp level)/3093/3256/3435/3529/3663(imp level). Below 2529 it will become weak.
Just A View - BSE Double Top Neckline Support📊 Script: BSE
📊 Sector: Miscellaneous
📊 Industry: Miscellaneous
Key highlights: 💡⚡
📈 Script is taking support of level 2075 which is neckline of double top.
📈 We may see bounce back from here.
⏱️ C.M.P 📑💰- 2148
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Strong breakout..looks ready for 2900/3000 levelLet's delve into the stock analysis of BSE. Currently, it finds itself within a dynamic trading range, with the 2000 level serving as a robust demand zone, indicating significant investor interest at this price level. Conversely, the supply zone is evident above 2600, suggesting a level where selling pressure might intensify.
Despite a strong breakout having already occurred, the market sentiment remains favorable for buying. Therefore, adopting a buying mode strategy seems prudent at this juncture.
For those considering entry, a buy trigger above 2700 could be an opportune moment to capitalize on potential gains. Upon breaching this level, targets for the upward trajectory lie at 2750, 2790, 2850, 2900 and 3200 respectively. These targets are indicative of potential price milestones where upward momentum may encounter resistance or profit-taking activities.
In summary, with the demand zone established at 2000 and the supply zone delineated above 2600, adopting a buying stance post-breakout above 2700 could yield favorable returns, with strategic targets set for incremental gains along the upward trajectory.
Broadening wedge pattern on BSEBSE formed a descending right angled broadening wedge pattern on daily chart. With multiple support being tested. It had a strong breakout today with good volume. Also notice volume dried up when price was falling during the pattern formation. You can also notice a good runup prior to the pattern formation. Stop loss can be had just below the breakout candle with profit target the size of broader side of wedge.
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BSE Long Target 3000 - 2 months TimeframeBSE Long Target 3000 - 2 months Timeframe
It tried to breach the 2590 December 2023 high second time in Feb 2024 and failed. Today, it breached the high decisively with decent volume. Because it's above 52 week high, Fib projection is used to target the price and 3000 rupees in 2 months timeframe during the results is very likely
BSE Looking GoodNSE:BSE
Target1 - 618
Target2 - 714
Target3 - 1055 (if closing above 714)
Disclaimer :-
I am not SEBI registered. The information provided here is for education purposes only. I will not be responsible for any of your profit/loss with this channel suggestions.
Consult your financial advisor before taking any decisions
BSE still has potential upside?After a fantastic run in a short period, BSE has been consolidating between the range of 2200-2300. In the last trading session's close, the price has taken support at the crucial level of 78.6% retracement. A high above today's close with volume support can take the stock back to its previous high of 2582
Entry - 2320
Stop Loss - 2210
Target - 2580
BSE - Stock Analysis🚀 **Exciting Stock Opportunity: BSE - STWP View**
📈 **PriceVol**: *Bullish*
- *Last Few Sessions*: Rising Price with Surging Volume
🔥 **OneDay**: *Strong Bullish*
- *Latest Tick*: Robust Price Surge Supported by Strong Volume
📈 **DonchianBand**: *Strong Bullish*
- *Trending Up*: Consecutive New Highs Indicate a Strong Upward Trend
💡 **Bollinger Bands**: *Strong Bullish*
- *Positive Breakout*: Indicative of Favorable Momentum
📊 **Daily Chart**: *Bullish*
- *Heikin Ashi Pattern*: Bullish Continuation Pattern Formed
📅 **Weekly Analysis**: *Strong Bullish*
- *Candlestick Pattern*: Bullish Gap-up at a High Level, Momentum Sustained
🚀 **Trade Recommendation**:
- **Buy above**: ₹2350
- **Stop Loss**: ₹1914
🌐 *Unlock the potential for substantial gains with this thriving stock! Act now and capitalize on the upward momentum.*