BSE trade ideas
BSE LONG - RESULT TRADEBSE IS IN A RANGE NEAR ITS RESISTANCE LEVEL. THE RESISTANCE LEVEL HAS BEEN TESTED MUSTIPLE TIMES. AS BSE IS ABOUT TO DECLARE RESULTS ON 3RD AUGUST, 2020. LOOKING AT LAST QUARTER FINANCIALS AND CURRENT FINANCIALS OF CDSL, THE RESULTS ARE EXPECTED TO BE EXCELLENT, QOQ AND YOY BASIS. THUS THERE IS A HIGH PROBABILITY THAT THE RESISTANCE LEVEL WILL BE BREACHED. SINCE IT IS A RESULT TRADE, SQUARE OFF THE POSITION WITHIN THE DAY AS THE STOCK MAY RETRACE BACK FOR A FEW DAYS AFTER RESULTS DEFORE CONTINUITY ITS UPWARD JOURNEY.
BSE crossed descending triangle and crossed 200 EMA BSE crossed descending triangle and crossed 200 EMA in weekly time frame it can be bulish share was in down trend since its listed but now it shows the indication of long term investment.
As india is country of young generation and data shows young generation is more intrested in investment Mututalfund/stock and even many new trader listed with many brokers so there will be more trading in future and this share will provide good returns.
This is my personal study i may be wrong but i am going to invest in it :)
BSE Stock - Good SetupHI
BSE could be a good buy above 565.50, with SL of 540 and Target around 615.
Short Term can give good money.
Has good volume.
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