Stock: BSE Ltd. Chart Pattern: Potential breakout with retest near support. Key Levels:Entry: ₹5,553.30 Target (T1): ₹5,848.10 Stop Loss (SL): ₹4,985.95
Observations: ✅Retesting a key zone and taking support at 50 DMA and bouncing. ✅Cup and handle formation played out earlier, now forming higher lows. ✅Volume remains supportive for upward momentum. ✅Resalient to market fall ✅Trading above Key DMAs ✅Strong RSI
Risk-Reward: Moderate-to-high, ideal for positional traders. Can consider fresh entry further addition if it gives a clean breakout from 5849 levels.
⚠️Remember, we are trading against the trend. If Overall Markets were to fall further then this would also fall.
Disclaimer: This post is for educational purposes, not financial advice.