BSE - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 4.2
| Stock Code | BSE | Market Cap | 1,22,011 Cr. | Current Price | 2,996 ₹ | High / Low | 3,227 ₹ |
| Stock P/E | 63.5 | Book Value | 108 ₹ | Dividend Yield | 0.20 % | ROCE | 47.5 % |
| ROE | 35.8 % | Face Value | 2.00 ₹ | DMA 50 | 2,798 ₹ | DMA 200 | 2,537 ₹ |
| Chg in FII Hold | 1.20 % | Chg in DII Hold | 3.83 % | PAT Qtr | 552 Cr. | PAT Prev Qtr | 514 Cr. |
| RSI | 61.6 | MACD | 28.5 | Volume | 43,44,998 | Avg Vol 1Wk | 41,50,710 |
| Low price | 1,385 ₹ | High price | 3,227 ₹ | PEG Ratio | 0.77 | Debt to equity | 0.00 |
| 52w Index | 87.4 % | Qtr Profit Var | 112 % | EPS | 47.5 ₹ | Industry PE | 55.9 |
📈 Chart & Trend Analysis: BSE is trading above both its 50 DMA (2,798 ₹) and 200 DMA (2,537 ₹), with the current price at 2,996 ₹. This indicates strong bullish bias and sustained upward momentum.
📊 Momentum Indicators: RSI at 61.6 shows healthy momentum, leaning bullish but not yet overbought. MACD at 28.5 confirms bullish crossover, signaling continued short-term strength.
📉 Bollinger Bands & Volume: Price is near the upper band, suggesting strong buying interest. Current volume (43,44,998) is slightly above weekly average (41,50,710), confirming active participation and momentum-driven rally.
🔑 Support & Resistance Zones:
- Support: 2,800 ₹ (50 DMA), 2,537 ₹ (200 DMA), 1,385 ₹ (major low)
- Resistance: 3,200–3,227 ₹ (recent highs)
Optimal Entry: 2,900–2,950 ₹ (near DMA support)
Optimal Exit: 3,200–3,227 ₹ (resistance zone)
📌 Trend Status: The stock is trending upward with strong momentum and bullish confirmation from indicators.
Positive
- Strong ROCE (47.5%) and ROE (35.8%) indicate excellent capital efficiency.
- Debt-free balance sheet (Debt-to-equity 0.00) ensures financial stability.
- Quarterly PAT improved to 552 Cr. from 514 Cr., showing earnings growth.
- FII (+1.20%) and DII (+3.83%) holdings increased, reflecting strong institutional confidence.
Limitation
- High P/E (63.5) compared to industry average (55.9), suggesting stretched valuation.
- Book value (108 ₹) is low relative to current price, limiting margin of safety.
- PEG ratio of 0.77 indicates moderate valuation relative to growth.
Company Negative News
- Valuation remains premium compared to industry peers.
- Stock trading near upper Bollinger band, raising risk of short-term pullback.
Company Positive News
- Quarterly profit variation (+112%) indicates strong earnings momentum.
- EPS of 47.5 ₹ supports valuation strength.
- Institutional buying (FII and DII increases) adds confidence to trend.
Industry
- Industry PE at 55.9 is lower than BSE’s PE (63.5), suggesting premium valuation due to growth expectations.
- Financial services sector outlook remains favorable with rising retail participation and market expansion.
Conclusion
🚀 BSE is in a bullish trend, trading above key moving averages with strong RSI, positive MACD, and high institutional support. Fundamentals show excellent ROE/ROCE and debt-free stability, though valuations are stretched. Traders may consider entry near 2,900–2,950 ₹ with exits around 3,200–3,227 ₹. Momentum is strong, making it suitable for short-term trades, but caution is advised near resistance levels.
Would you like me to extend this into a peer benchmarking overlay comparing BSE against other financial services/exchange sector stocks (valuation, ROE/ROCE, momentum) so you can see relative strength before deciding entry?