BSE Ltd

NSE :BSE   BSE :538397  Sector : Miscellaneous

About Company: BSE is one of Indias leading exchange groups. Over the past 145 years, BSE has provided a capital-raising platform and provided a platform for trading in equity, debt instruments, derivatives and mutual funds. It also has a platform for trading in equities of small-and-medium enterprises (SME)

Daily Chart of BSE Limited:

Technical Outlook of BSE Limited:

On Thursday 10th March 2022 stock gained 18.60%, stock was up Rs.410.75 per share and closed at 2619.45 on National Stock Exchange. Today market traded volatile due to Election results of five states, Market opened Gap Up and sharp sell off was seen in the afternoon session. Nifty Touched intraday high of 16753 and drag towards intraday low of 16450. Fall of 303 points from Intraday highs.

On contrarian smart rally is seen in the BSE limited with huge volumes. On 23-March-2022, the Company will go through corporate event of Stock Split in ratio of 1:3. In The Daily chart, we can clearly observe range breakout. Stock is trading above 200-100-50-20 Exponential moving averages. Relative Strength Index crossed 70 market which suggest momentum in the stock.

Looking at the Chart structure, Range breakout and Indicator momentum, we suggest adding small quantity in portfolio for the targets of 3200- 3500+ in the next 3-6 months. Stop loss should be maintained below, 2100.