Technical Momentum and Market Returns Reviewed
Technical Momentum and Indicator Overview
The recent evaluation adjustment for BSE highlights a nuanced change in its technical trend, moving from a clearly bullish posture to a mildly bullish one. This shift is underscored by a mixed set of signals from various technical indicators across different time frames.
The Moving Average Convergence Divergence (MACD) remains bullish on both weekly and monthly charts, suggesting that the underlying momentum retains strength over the medium and longer term. However, the Relative Strength Index (RSI) does not currently signal any clear momentum extremes on either the weekly or monthly scale, indicating a neutral stance in terms of overbought or oversold conditions.
Bollinger Bands on weekly and…
