Investors can use this prediction interface to forecast BSE historic prices and determine the direction of BSE future trends based on various well-known forecasting models. However looking at historical price movement exclusively is usually misleading. Macroaxis recommends to always use this module together with analysis of BSE historical fundamentals such as revenue growth or operating cash flow patterns. See also fundamental analysis of BSE to check your projections.
BSE has current Daily Balance Of Power of 0. Balance of Power indicator (or BOP) measures the strength of BSE market sensitivity to bulls and bears. It estimates the ability of BSE buyers and sellers to push price to an extreme high or extreme low level. As a result, by monitoring BSE Balance of Power indicator one can determine a trend of the price direction.
On October 20 2019 BSE was traded for 39,298 at the closing time. The maximum traded price for the trading interval was 39,545 and the lowest daily price was 39,052 . There was no trading activity during the period 1.0. Lack of trading volume on October 20, 2019 did not affect price variability. The overall trading delta to the closing price today is 0.63% .
Balance of Power indicator was created by Igor Livshin to predict asset short term price movements or warning signals. If Balance of Power indicator is trended towards the high of its range it will signify that the bulls are in control. On the other hand when the BOP indicator is moving towards the lows of its range it signifies that the bears are in control. If the indicator move from a high positive range to a lower positive range it signifies that the buying pressure is decreasing. Conversely, if the indicator move from a low negative range to a higher negative range it signifies that the selling pressure is decreasing.