BSE

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BSE: Sellers were in control all day.

[BEARISH STRONG]: BSE opened in the upper part of daily range at 71.4% & closed in the lower part of the trading range at 0%. This suggests the sellers were in control all day. Over the last 12 months there has been 3 trading days with the opening price in the upper shadow & the closing the price in the lower shadow giving a confirmation ratio of 1.1%. Over the last month there has been 2 trading days with the opening price in the lower upper range & the closing the price in the lower price range giving a confirmation ratio of 40%.

BSE: 0.618 Fibonacci Fan ($0.29)

BSE: The current Fibonacci Fan levels are: (23.61%) $0.42: (38.2%) $0.33: (50%) $0.31: (61.8%) $0.29The current support levels are: (78.6%) $0.29: (100%) $0.27: (138.2%) $0.24: (161.8%) $0.2: (261.8%) $0.11: (423.61%) $-0.04

The daily battle of control for BSE was won by the sellers

The daily battle of control for BSE was won by the sellers

[BEARISH]: BSE sellers in control. This is the first day of seller commitment for BSE adding strength to an downtrend in the first timeframe & highlights the lack of commitment of buyers to carry positions overnight Over the last 12 months there has been 3 trading days with the closing price in the lower part of the range giving a confirmation ratio of 1.1%. Over the last month there has been 2 trading days with the closing price in the lower range giving a confirmation ratio of 40%. Currently this quarter, closing price has spent 3 days in the lower price range compared to 2 days in the upper range giving a ratio of 1.5x.

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