BSE

After a sharp rally in May and early June, BSE Ltd formed a distribution pattern with lower highs near the ₹2,900–₹3,000 zone. Today’s candle is a strong bearish engulfing type move, engulfing multiple prior candles and closing near the day’s low a sign of heavy selling pressure. Key Observations: Price has broken below the short-term support near ₹2,700 with high momentum. If the ₹2,600–₹2,620 support area doesn't hold, next demand zone is seen near ₹2,450–₹2,500, which was a prior breakout level. The recent price structure resembles a double top or lower high formation, hinting at short-term trend reversal.