BSE

share price rebounds 5% after 4-day fall; lower top formation on chart, what next?

BSE share price on Monday (Sept 1) jumped 5 per cent after four-day of consecutive fall. BSE shares opened nearly 2 per cent higher at Rs 2130 versus the previous close of Rs 2096.20. The counter extended the opening gains as it made an intraday high of Rs 2198, up 4.9 per cent. Around noon, BSE shares held firmly in the green to trade 3.35 per cent higher at Rs 2166.40. Nearly 40 lakh shares of the company changed hands around the same time. It was also among the top gainers in the Nifty Midcap 50 index. BSE shares are currently trading above 200-day moving averages but lower than 5-day, 20-day, 50-day and 100-day moving averages.