$BSE Ltd: Rising Wedge has massive Bullish projections...BSE Ltd is currently trading in a narrowing range that many technicians identify as a rising wedge.
IMHO there is potential for a breakout which is backed by a massive 174% YoY surge in net profit (₹602 crore) and record-breaking derivatives revenue, which could provide the "fuel" needed to defy traditional technical gravity and push toward a new psychological target of ₹4,000+.
Potential Scenario Catalysts
New Product Launch: SEBI has just approved BSE to launch monthly F&O contracts for the Sensex Next 30 index, which is expected to drive fresh trading volumes.
Institutional Backing: LIC remains a major shareholder (5.58% stake), and MarketsMojo recently upgraded the stock to a "Strong Buy" with a high score of 90.0.
Derivative Dominance: Equity derivatives revenue surged to ₹784 crore in Q3 FY26, highlighting a 11-quarter record-breaking streak.
