Chart Study: BOMBAY SUPER HYBRID SEEDS (BSHSL) | Monsoon coming
Bullish Signs
Price is forming higher lows since April.
MACD bullish crossover.
RSI divergence and rising momentum.
Consolidation near trendline = potential pressure for breakout.
MACD
MACD line is crossing above the signal line—this is typically a bullish crossover.
Histogram bars are turning positive, confirming the bullish momentum building up.
YES, this chart shows a potential breakout setup. However, it needs confirmation with a breakout above the descending trendline (₹145+) on strong volume. If it breaks above and holds, it could trigger a bullish move—possibly toward ₹160–₹175 in the short to medium term.
Note: This is a chart study and not a recommendation to buy or sell. Always consult your own research or a qualified advisor before making trading decisions.
Price is forming higher lows since April.
MACD bullish crossover.
RSI divergence and rising momentum.
Consolidation near trendline = potential pressure for breakout.
MACD
MACD line is crossing above the signal line—this is typically a bullish crossover.
Histogram bars are turning positive, confirming the bullish momentum building up.
YES, this chart shows a potential breakout setup. However, it needs confirmation with a breakout above the descending trendline (₹145+) on strong volume. If it breaks above and holds, it could trigger a bullish move—possibly toward ₹160–₹175 in the short to medium term.
Note: This is a chart study and not a recommendation to buy or sell. Always consult your own research or a qualified advisor before making trading decisions.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.