This post highlights the previous strong uptrend in BSE, and the consolidation it led to.
The chart also indicates how it behaved during the consolidation phase.
Certain pointers:
i. The average maximum decline from peak in this period was of ~22-23%
ii. The price movement took resistances at the 8EMA when it tried rising during this period.
iii. The 20SMA and 50SMA were in a crisscross most of the time, not signaling any persistency during the period.
iv. The break-out from the resistance saw the price > 8EMA>20SMA>50SMA>200SMA
v. The strongest gap up of the consolidation period came at the very end on 8th Aug 2024, with a 6% gap up.
Currently, BSE had a strong uptrend from 16th Aug 2024 up to14 Oct 2024, with an ~89% rise.
The maximum decline it has seen from the peak is of ~20%.
The current resistance of its time (o.i.t) level is at approximately INR 5000. The break of this with other factors will mark the next strong uptrend.
The chart also indicates how it behaved during the consolidation phase.
Certain pointers:
i. The average maximum decline from peak in this period was of ~22-23%
ii. The price movement took resistances at the 8EMA when it tried rising during this period.
iii. The 20SMA and 50SMA were in a crisscross most of the time, not signaling any persistency during the period.
iv. The break-out from the resistance saw the price > 8EMA>20SMA>50SMA>200SMA
v. The strongest gap up of the consolidation period came at the very end on 8th Aug 2024, with a 6% gap up.
Currently, BSE had a strong uptrend from 16th Aug 2024 up to14 Oct 2024, with an ~89% rise.
The maximum decline it has seen from the peak is of ~20%.
The current resistance of its time (o.i.t) level is at approximately INR 5000. The break of this with other factors will mark the next strong uptrend.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.