Technical Momentum and Market Returns Reviewed
Technical Momentum and Indicator Overview
The recent market assessment for BSE reveals a nuanced change in its technical parameters. The overall trend has moved from a clear bullish stance to a mildly bullish one, signalling a more cautious market sentiment. This shift is evident across several technical indicators that investors and analysts closely monitor.
The Moving Average Convergence Divergence (MACD) remains bullish on both weekly and monthly charts, suggesting that the underlying momentum retains strength over these time frames. However, the Relative Strength Index (RSI) does not currently signal any definitive momentum on either the weekly or monthly scale, indicating a neutral stance in terms of overbought or oversold…
