Technical Momentum Shifts and Market Performance Insights
Technical Momentum and Indicator Overview
The technical trend for BSE has shifted from mildly bullish to bullish, signalling a strengthening in price momentum. On the weekly and monthly charts, the Moving Average Convergence Divergence (MACD) indicator maintains a bullish posture, suggesting that momentum remains positive over both intermediate and longer-term periods. This is complemented by daily moving averages that also reflect bullish conditions, indicating that recent price movements are supported by underlying trend strength.
However, the Relative Strength Index (RSI) on both weekly and monthly timeframes currently shows no definitive signal, implying that the stock is neither overbought nor oversold. This neutral RSI reading…
