📈 BSE Ltd – Trendline Support & Fibonacci Roadmap

📊 Technical View (Weekly Chart) Trendline Support: The stock is currently taking support at a long-term rising trendline around ₹2,050–₹2,100, indicating strong demand at lower levels. Fibonacci Levels: Key support was tested at the 38.2% retracement zone (₹2,185). Next resistances are at ₹2,415 (50% level) and ₹2,737 (61.8% retracement). Price Action: After a corrective decline from highs near ₹3,000, the stock has started forming a base with positive candles and increasing volumes. Moving Averages: 200 DMA at ₹1,556 remains far below current price, showing medium-term bullish structure intact. Stock still trading comfortably above its long-term averages. 🔎 Momentum Indicators MACD: Bearish pressure easing; potential for bullish crossover if momentum sustains. Volumes: Recent green candles supported by rising volumes, hinting at accumulation. 🏦 Fundamental Snapshot BSE Ltd continues to benefit from growing retail participation, rise in derivatives turnover, and strong traction in new product segments. Consistent profitability with expanding margins adds comfort for long-term investors. 📌 Key Levels to Watch 🔹 Support: ₹2,050–₹2,100 (Trendline) 🔹 Resistance 1: ₹2,185 (Fib 38.2%) 🔹 Resistance 2: ₹2,415 (Fib 50%) 🔹 Resistance 3: ₹2,737 (Fib 61.8%) ✅ Conclusion BSE Ltd is showing early signs of bottoming out near trendline support. Sustaining above ₹2,100 can trigger a reversal rally towards ₹2,415–₹2,737 in the coming weeks. A close below ₹2,050 would invalidate the bullish view.