BSE - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 3.1

Here’s a detailed technical analysis of BSE Ltd

📊 Trend Overview

Current Trend: Weak bearish

Status: The stock is currently consolidating, with signs of a potential reversal if momentum improves. Price action is below key moving averages and momentum indicators are bearish.

📈 Moving Averages

DMA 50: ₹2,347

DMA 200: ₹2,103

Current Price: ₹2,198

🔹 Price is below the 50-DMA but above the 200-DMA, indicating medium-term support but short-term weakness. The 50-DMA now acts as resistance.

📉 Momentum Indicators

RSI (14-day): 41.8 — Weak, approaching oversold territory.

MACD: -52.0 — Bearish crossover, indicating downward momentum.

Volume: 30.5 lakh vs 1-week avg of 34.2 lakh — Slightly below average, suggesting reduced participation.

📊 Bollinger Bands

Price is near the lower band, indicating oversold conditions and potential for a technical bounce. However, confirmation is needed from volume and RSI reversal.

🔍 Support & Resistance Zones

Level Price (₹) Commentary

Support 1 2,100 200-DMA, strong technical support

Support 2 1,950 Previous consolidation zone

Resistance 1 2,347 50-DMA, immediate resistance

Resistance 2 2,500 Psychological level

Resistance 3 2,750 Trendline resistance from recent highs

🎯 Entry & Exit Zones

Optimal Entry: ₹2,100–₹2,150 range, if price holds above 200-DMA with volume confirmation.

Exit Zone: ₹2,350–₹2,500 for short-term traders; ₹2,750+ if reversal confirms and price breaks above 50-DMA.

⚠️ Short-Term Signals

MACD bearish, RSI weak, and price below 50-DMA suggest limited upside unless momentum improves.

A bounce from 200-DMA could offer a short-term opportunity, but trend confirmation is essential.

🧭 Summary

Trend: Consolidating with bearish undertone

Momentum: Weak; MACD and RSI indicate caution

Technical Rating: 3.1 — Mildly bearish with potential if price reclaims 50-DMA

Sources: Investing.com BSE Technicals

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