BSE - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 20 Dec 25, 03:54 pm

Technical Rating: 4.1

📊 Chart Patterns & Trend: BSE is consolidating after a strong rally toward its 52-week high of 3,030 ₹. The current price (2,685 ₹) is above both 50 DMA (2,641 ₹) and 200 DMA (2,324 ₹), reflecting medium-term strength but short-term indecision.

📈 Moving Averages:

- Price above both 50 DMA and 200 DMA indicates bullish undertone.

- Sustained support at 2,641 ₹ strengthens the consolidation base.

- Breakout above 2,700–2,750 ₹ could trigger momentum toward 3,000 ₹.

📉 RSI: At 48.4, RSI is neutral, suggesting consolidation with room for upside.

📉 MACD: Slightly negative (-7.08), showing weak bearish crossover but not strong downward momentum.

📊 Bollinger Bands: Price is near the mid-band, confirming sideways consolidation with potential breakout signals.

📊 Volume Trends: Current volume (45,00,860) is slightly above the 1-week average (44,75,396), showing steady participation and accumulation.

🎯 Entry Zone: 2,650–2,670 ₹ (near 50 DMA support).

🎯 Exit Zone: 2,950–3,000 ₹ (near resistance trendline and 52-week high).

⚡ Support Levels: 2,641 ₹ and 2,324 ₹.

⚡ Resistance Levels: 2,950 ₹ and 3,030 ₹.

Positive

• Strong ROCE (47.5%) and ROE (35.8%) highlight excellent capital efficiency.
• Debt-free balance sheet (Debt-to-equity: 0.00) ensures financial stability.
• Quarterly PAT growth (514 Cr. vs 456 Cr.) shows strong earnings momentum.
• DII holdings increased significantly (+8.64%), reflecting strong domestic institutional confidence.

Limitation

• High P/E (65.5) compared to industry average (60.8), suggesting premium valuation.
• MACD slightly negative, showing weak short-term momentum.
• FII holdings decreased (-1.89%), indicating reduced foreign investor interest.
• Book value (108 ₹) is low compared to current price, limiting intrinsic valuation support.

Company Negative News

• FII outflows (-1.89%) may weigh on sentiment.
• MACD bearish crossover signals short-term weakness.

Company Positive News

• Quarterly PAT surged 82.6% YoY, showing strong profitability.
• EPS of 40.4 ₹ supports long-term earnings visibility.
• DII inflows (+8.64%) reflect strong domestic investor confidence.

Industry

• Industry P/E at 60.8, close to BSE’s 65.5, suggesting fair valuation premium.
• Financial services sector outlook remains strong with rising retail participation in markets.

Conclusion

⚖️ BSE is consolidating with neutral RSI and slightly negative MACD, but strong fundamentals and volume support provide resilience. Short-term traders may consider entry around 2,650–2,670 ₹ with exits near 2,950–3,000 ₹. The stock is consolidating, awaiting breakout above 2,950 ₹ for trend continuation toward 3,030 ₹.