BSE Capital Good
31 Aug 2021 ● 04:22 AM
The BSE Capital Good index is currently in wave 5 which is getting subdivided. Within wave 5, the index is now in wave III after completing a complex corrective pattern in wave II around the 40DEMA and the daily lower Bollinger band. As wave III unfolds, the BSE Capital Good index can rise higher to 27950 where wave I and III are equal. On the way down, the 20 DMA and the 40 DEMA which are currently pegged at 23909 and 23633 will be support levels to watch out for in the near term.