BLISSGVS Long Idea...BLISSGVS is consolidating in monthly chart. Taking trade after monthly confirmation (close above resistance) is good for safe trader
Personally I'm following it in daily charts to get a good early entry with some risk.
Lets see how it turns.
NOTE: NO idea of comapny Fundamentals. Just a technical take. Should plan trade with proper risk management.
BLISSGVS
#BLISSGVS The stock made a rounded bottom from 2020 to 2022#BLISSGVS 💕 The stock made a rounded bottom from 2020 to 2022, and it appears to be in the process of forming the handle, which suggests a bullish continuation if the stock breaks out above the handle resistance level.
The stock has been in a sideways trend for a significant period, especially between late 2021 to mid-2023.
Recently, from early 2023, the stock has shown bullish momentum with higher highs and higher lows.
The current price action is testing previous resistance around 130-135 INR ,indicating a potential breakout.
BLISSGVS review - posted at 99, now trading at 137reviewing NSE:BLISSGVS chart posted on 21st July 2023 when the price was 99.
it made high of 148 and now trading at 137
moving towards 200
this analysis is for knowledge sharing and educational purpose .
this post is not a buy or sell recommendation.
link of 21st July post given below
BLISS GVS PHARMA swing trade«👀 BLISS GVS PHARMA 💀»
Stock looking good for medium to long term holdings , Stock has broken out of a range consolidation of almost 2 years and has also formed a bullish flag and pole pattern
Stock's fundamentals are also very good :
🫴 PE ratio of 16(undervalued)
🫴 Debt to equity ratio 0.1(Low debt)
🫴 Cash flow good
🫴 Defensive sector (Pharma)
🫴 Fiis and Diis having decent holdings in the stock
Stock is looking good at current price of 95 , SL can be kept below recent lows ie 10-12% , targets can be 120/150/180/200 levels in medium to long term period , targets are open in the stock as it is fundamentally strong , can even be multi bagger in future🙌🙌🚀🚀
BLISSGVS Short opportunityTrading possibilities for Coming days.
This stock has shown weakness consistently over the last few days and today also it closed low hitting circuit. It still has bearish Momentum left and can go further down. You can trade this for intraday and also for few days in the coming week.
Look for selling at the levels marked in red and / or whenever you see a Bearish candle pattern forming. The targets and stop loss are subsequent levels down and up.
Other important levels are as marked in the setup.
You can download this Indicator from trading view to get the accurate levels in the premarket itself and see how the stock trades respecting those levels.
Happy and safe Trading
Bliss Gvs Pharma Limited - Bullish breakoutNote: This is for educational purpose only.
There seems to be a bullish breakout with high volume. Moreover, the price has bounced from 21 EMA which has acted as a dynamic support in past. Moreover, RSI is above 60 which indicates bullish momentum and there is a breakout pattern on RSI as well.