🔍 Technical Analysis: BSE Ltd. (Weekly Chart)
Current Price: ₹2,678.30
Weekly Change: +₹199.30 (+8.04%)
📈 Chart Overview
The stock has broken out of a falling channel pattern, which typically signals the end of a corrective phase and potential resumption of the prior uptrend. The breakout candle is large and backed by strong momentum, reflecting renewed buying interest.
Immediate Support >>> 2,551 – 2,586 >>> Prior resistance now turned support
Major Support >>> 2,115 – 2,055 >>> Base of previous consolidation
Immediate Resistance >>> 2,800 >>> Psychological and technical zone
Major Resistance / Target >>> 3,039 – 3,200 >>> Prior swing high & pattern target
🔸 Pattern & Structure
Pattern: Falling Channel Breakout
Trend: Reversal from corrective to bullish
Momentum: Strong bullish weekly candle post-breakout
🔹 Outlook
If the stock sustains above ₹2,550 levels, it may extend towards ₹2,800 and ₹3,040 in the near term.
Failure to hold above ₹2,550 could invite short-term profit booking, dragging price back toward ₹2,115 support zone.
Bias: Bullish (Short-to-Medium Term)
⚠️ Risk Factors
Overextension after sharp rally may lead to consolidation.
Broader market correction could limit upside momentum.
Watch for false breakout confirmation in the next 1–2 weekly candles.
📊 Summary
BiasTimeframeActionBullish3–6 WeeksAccumulate on dips near ₹2,550–2,600; Book partial profits near ₹3,000–3,100
⚖️ Disclaimer
This analysis is for educational and informational purposes only and should not be construed as investment advice or a recommendation to buy/sell any securities. Market investments are subject to risks. Please consult your financial advisor before making any investment decisions.
Current Price: ₹2,678.30
Weekly Change: +₹199.30 (+8.04%)
📈 Chart Overview
The stock has broken out of a falling channel pattern, which typically signals the end of a corrective phase and potential resumption of the prior uptrend. The breakout candle is large and backed by strong momentum, reflecting renewed buying interest.
Immediate Support >>> 2,551 – 2,586 >>> Prior resistance now turned support
Major Support >>> 2,115 – 2,055 >>> Base of previous consolidation
Immediate Resistance >>> 2,800 >>> Psychological and technical zone
Major Resistance / Target >>> 3,039 – 3,200 >>> Prior swing high & pattern target
🔸 Pattern & Structure
Pattern: Falling Channel Breakout
Trend: Reversal from corrective to bullish
Momentum: Strong bullish weekly candle post-breakout
🔹 Outlook
If the stock sustains above ₹2,550 levels, it may extend towards ₹2,800 and ₹3,040 in the near term.
Failure to hold above ₹2,550 could invite short-term profit booking, dragging price back toward ₹2,115 support zone.
Bias: Bullish (Short-to-Medium Term)
⚠️ Risk Factors
Overextension after sharp rally may lead to consolidation.
Broader market correction could limit upside momentum.
Watch for false breakout confirmation in the next 1–2 weekly candles.
📊 Summary
BiasTimeframeActionBullish3–6 WeeksAccumulate on dips near ₹2,550–2,600; Book partial profits near ₹3,000–3,100
⚖️ Disclaimer
This analysis is for educational and informational purposes only and should not be construed as investment advice or a recommendation to buy/sell any securities. Market investments are subject to risks. Please consult your financial advisor before making any investment decisions.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.