The near bullish pivot for the BSE stock stands at Rs 5,990, while the long-term bias is likely to remain positive as long as Rs 5,555 is held

BSE stock hits new high, up 140% in 6 months; next?

Bullish pivot for BSE stock is at ₹5,990; long-term outlook stays positive as long as ₹5,555 support is held, according to the technical chart analysis.

BSE stock has surged 140% since July 2024, reaching ₹6,133 from ₹2,556, a 3,200% rise over four years, growing from ₹185 levels in the last four years.

BSE Stock Performance

As of 12:20 PM, BSE stock slips 0.9% to ₹5,945, market cap around ₹80,600 crore with 900,000 shares traded on the NSE during intra-day deals.

Intra-day Movement

BSE has scheduled a board meeting on February 6 to consider and approve the quarterly results for the quarter ending December 2024.

Board Meeting Announcement

SEBI’s curbs on F&O trading affected volumes for BSE and NSE from November, but BSE showed a 9% growth in its ADTO in December 2024 despite lower volumes.

Impact of SEBI Curbs

BSE stock has support at ₹5,555 and ₹5,325. As long as these levels are held, the long-term bullish outlook remains intact for the stock, based on the technical chart analysis.

Technical Outlook - Support

Resistance levels for BSE stock are ₹6,145, ₹6,245, ₹6,400, ₹6,650. A sustained move below ₹5,990 could lead to a consolidation or downward pressure on the stock.

Technical Outlook - Resistance

BSE stock has an upside potential of 14.4% if it sustains above key resistance levels. A surge towards ₹6,800 is possible with strong momentum in the coming months, as per technical analysis.

Upside Potential

The downside risk for BSE stock is around 19.3%. If the stock falls below ₹5,555, it may face further consolidation, with potential testing of ₹5,325 or even ₹4,800 levels.

Downside Risk

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