BLS international breakout on charts,
FII schemes incredsed,
Promoter holdings increased,
Subsidary company aligned for IPO to be upcoming,
fundamentally very very strong,
in 1 year FII increased stake from 1.5 to 7%
BUY - BLS INTERNATIONAL
CMP - Rs. 178
Target - 1: Rs. 200
Target - 2: Rs. 250
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Technicals - Bullish Flag BO
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This is just a view by an expert analyst, please trade at your own risk.
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Stock earlier given BO as stated in previous analysis pinned this chart, and now after retesting again ready for BO on weekly TF as well as daily towards it's ATH target, a fine stock for good RR.
Stock Name - Bls International Services Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 327
#This is not Buy and Sell recommendation to any one. This is...
CMP: 283
- The stock is in the uptrend
- Corrected 13% from its All-Time High
- Took support near 21 EMA
- Now looks ready to move higher with support around 260
This idea is a follow-up to BLS
You can check the Link to Related Ideas ( Detailed analysis done in 25th Aug Video )
Disclaimer: The information provided is for educational purposes only. Our intention is not to give any financial advice, don't take any decision without consulting your financial advisor.
Seems at its 5th of 5th wave, with negative divergence on weekly chart, making rising wedge, rsi heated up, all indicates it is about to or already made top, breakdown of wedge leads to target around 160.
This is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. ...
BLS INTERNATIONAL IS THE STRONG MULTINATIONAL COMPANY, you see the strong volume breakout the monthly volume is a;; time high, I AM Bullish this share.
1. Buy or Sell at your own risk
2. Don't risk more than 1%-2% of your capital as stop loss
3. Position Size formula:- Stop Loss Amount/(Buy Price-Initial Stop Loss Price)
4. Sell on initial stop loss hit or daily RSI closing below 40
5. Some other ways to sell stocks can be
a. 25% or 50% up in three weeks or less
b. Weekly tailing tops with high volume
c....
Note:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3. Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket...
