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BSE Shares Gain Over 7.5%; Stock To Test Its ATH In The Short To Medium Term

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Shares of BSE have been buzzing in trade on April 29 in a firm market. The stock at day's high hit a price of Rs. 924 per share, as against the previous close of Rs. 859.05, implying sharp gains of 7.56% intra-day.

 
BSE Shares Gain Over 7.5%; Stock To Test Its ATH In The Short To Medium Term

The monpoly multibagger stock has multiple investors wealth substantially with returns of 351%.
As per the technicals, the strong in the last 2 session has received massive buying interest and has gained around 10%. The volumes during this timeframe have been higher than 10-day, 30-day and 50-day average volumes. Also, the stock has breached it 20-DMA and is above all its key moving averages. The stock is forming a bullish engulfing pattern on the weekly timeframe, which is an early sign of reversal.
The 14-period RSI also signals bullishness. The MACD is about to hint at the stock as a 'Buy'.

As per the technicals, strong price structure and above average volumes, the stock offers the potential to test its all time high price of Rs. 1046.67 per share on the NSE in the near term.

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