BSE LTD - Daily Chart
Prior Patterns:
Ascending Triangle: From September 2024 to early January 2025, an ascending triangle formed, leading to an upward breakout.
Parallel Channel: After the ascending triangle breakout, the price moved up in a parallel channel for a short period in January 2025.
Box Consolidation: From late January to mid-March 2025, the stock consolidated within a box or rectangular range.
Current Pattern: A "Cup and Handle" pattern has formed more recently.
Cup: Formed from roughly mid-March 2025 to late April 2025, with the low around 3,700.
Handle: A smaller pullback (handle) formed in early May 2025.
Breakout: The price has broken out from this Cup and Handle pattern above the neckline around 5,781.25 - 5,786.25.
Volume: Volume appears to have increased on the breakout from the Cup and Handle.
Target: The depth of the cup (approximately 2,057.90 points) is projected upwards from the breakout point, suggesting a target of around 7,822.15.
Support: The neckline of the Cup and Handle (around 5,781.25 - 5,786.25) is now the key support.
Resistance: The recent high around 6,847.50 is the immediate resistance, followed by the projected target.
Interpretation: The chart shows multiple bullish patterns. The latest Cup and Handle breakout indicates a continuation of the uptrend. The stock is headed towards its target of 7,822.15, with the 5,781.25 level acting as crucial support.
Prior Patterns:
Ascending Triangle: From September 2024 to early January 2025, an ascending triangle formed, leading to an upward breakout.
Parallel Channel: After the ascending triangle breakout, the price moved up in a parallel channel for a short period in January 2025.
Box Consolidation: From late January to mid-March 2025, the stock consolidated within a box or rectangular range.
Current Pattern: A "Cup and Handle" pattern has formed more recently.
Cup: Formed from roughly mid-March 2025 to late April 2025, with the low around 3,700.
Handle: A smaller pullback (handle) formed in early May 2025.
Breakout: The price has broken out from this Cup and Handle pattern above the neckline around 5,781.25 - 5,786.25.
Volume: Volume appears to have increased on the breakout from the Cup and Handle.
Target: The depth of the cup (approximately 2,057.90 points) is projected upwards from the breakout point, suggesting a target of around 7,822.15.
Support: The neckline of the Cup and Handle (around 5,781.25 - 5,786.25) is now the key support.
Resistance: The recent high around 6,847.50 is the immediate resistance, followed by the projected target.
Interpretation: The chart shows multiple bullish patterns. The latest Cup and Handle breakout indicates a continuation of the uptrend. The stock is headed towards its target of 7,822.15, with the 5,781.25 level acting as crucial support.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.