reviewing 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 💀»
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...
Though parallel channel is not having good enough points on both side, however the support lines looking good. and it may not fall however I don't see immediate near.
Bliss GVS is at Monthly Support line. Also it is consolidating in the range. If it breaks the dashed resistance line. Then upward movement may be expected.
Trading 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...
Note: 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.
