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Blsinternational

BLS International: Cup & Handle Breakout with Promising GrowthBLS International: Cup & Handle Breakout with Promising Growth Potential" Stock: BLS International Services Ltd. Analysis: BLS International is showing a bullish cup and handle pattern on the daily timeframe, a classic indicator of potential upward momentum. Backed by increasing institutional confidence and a long-term growth opportunity in the visa and passport services sector, the stock looks well-positioned for an upside. Key Highlights: Technical Setup: Cup & Handle Formation: Indicates a potential breakout. Monitor for volume confirmation above the breakout level. RSI also looks strong. Institutional Confidence: FII/FPI Holdings: Increased from 7.40% to 8.96% in Sep 2024 quarter. Number of FII/FPI Investors: Rose from 121 to 148, signaling rising interest. Mutual Funds: Increased holdings from 0.87% to 1.13%. Institutional Investors: Overall stake increased from 8.75% to 10.67%. Industry Insight: With only 7.2% of Indians holding passports, the growth in passport issuance and visa applications could drive long-term benefits for companies like BLS International. Trade Plan: Entry: Post a confirmed breakout above the handle resistance. already active Targets: ₹470 (short-term), ₹500 or above (mid-term). Stop Loss: Below ₹420 to manage risk. Disclaimer: This analysis is for educational and informational purposes only and should not be considered as financial advice. Please conduct your own research or consult a financial advisor before making any investment decisions.
NSE:BLSLong
by ImranulHaqueNoor
BLS International Services Ltd - Breakout OpportunityDate : 1-May-2024 Rating : Buy - Positional Trade LTP : Rs. 350.50 Targets: (1) Rs. 372 --> (2) Rs. 397 --> (3) Rs. 429 --> (4) Rs. 517 SL : Rs. 324 Technical View: • NSE:BLS is in its primary uptrend and was recently going through it's secondary downtrend. • After touching the high of 429.95 on 1-Feb-2024, it has retraced 33% to 288.40 level. • On 29-Apr-2024, NSE:BLS has broke out from its secondary down trend with higher than average volume. • NSE:BLS has also closed above 20 DMA, 50 DMA and 21 DEMA on 29-Apr-2024. • RSI has formed bullish cross over on 29-Apr-2024 and trading at 56.80 on 30-Apr-2024 indicating bullish momentum in coming days. • MACD is about to cross 0 line as on 30-Apr-2024. • Looking strong to start a new swing from here. Disclaimer: I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market.
NSE:BLSLong
by vicky252
BLS - Bullish Swing ReversalNSE: BLS is closing with a bullish swing reversal candle supported with volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been moving along the horizontal support for the past few days which is indicating demand. One can look for a 8% to 13% gain on deployed capital in this swing trade. The view is to be discarded in the event of the stock breaking previous swing low. #NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
NSE:BLSLong
by BrahmaBull31
BLS - Ichimoku Bullish Breakout 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 for education purpose and a helping hand to learn trading in Market. # Cloud Trading # Ichimoku Cloud # Ichimoku Followers I hope you all like my analysis. Please do share your thoughts into comment section. Please give a like, it motivates me to do analysis.
NSE:BLSLong
by nikunjbhadja
YR 2022 Idea #70: Long on BLS withThis 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. Our objective to help anyone who wants to learn technical analysis using charts by demonstrating my real trade entries. You can post your queries in comment section here and we will try to answer them asap.
NSE:BLSLong
by onerighttrade
BLS international breakout1. 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. Exhaustion gaps d. Heavy daily volume without further upside e. Largest one day price drop After a long consolidation since September 2017, NSE:BLS has given a high volume breakout yesterday. The breakout came after a rating update by CRISIL which has reaffirmed its ‘CRISIL A-/Stable/CRISIL A2+’ ratings on the bank facilities of BLS International Services Ltd (BLS; a part of the BLS International group). During the 3rd quarter 2021-22 quarterly sales went up by 51%, quarterly profit went up by 102%, TTM sales went up by 52% and TTM profit went up by 178%. NSE:BLS is a buy with a stop just below Rs.291. Other fundamentals: 1. BLS International Services Limited (BLS), a part of the four-decades-old BLS Group with a global presence and diversified range of services, counts amongst the top three global players in visa application outsourcing, with its presence in visa/ passport/ consular/ citizen services with 62 countries and 36 government clients and provides services through 2,325 offices worldwide. 2. BLS international expects a pickup in VISA demand with India deciding to resume international flight services and decline in COVID-19 cases. 3. Business risk profile continues to be driven by the strong market position with a presence in over 60 countries and presence in diversified revenue segment. Accordingly, an operating income growth is estimated in fiscal 2022 to over Rs 800 crore supported by addition of new orders and customers after experiencing a sharp decline of around 40% during FY21 on account of pandemic induced challenges on business demand. Improving scale is expected to support growth in operating margins to around 13% in FY22 (against 11.1% a year ago). 4. Overall, liquidity profile continues to remain supported by absence of debt obligations and healthy unencumbered cash and bank balances of over Rs 300 Cr as on 31st Dec, 2021. 5. CRISIL Ratings had upgraded its long-term rating on the bank facilities of BLS to ‘CRISIL A-/Stable’ from ‘CRISIL BBB+/Stable’ and reaffirmed the short-term rating at ‘CRISIL A2+’ on November 03, 2021. 6. The group offers services in visa processing, e-governance and banking correspondence. Apart from diversification into new business segments, addition of new clients in these segments has further strengthened the market position of the group. The group now covers over 46 missions, compared to only seven a few years back. In e-governance services, the group has three clients presently, compared to only one client two years ago; in the banking correspondent segment, Bank of Baroda has been added alongside the existing client - State Bank of India. 7. The financial risk profile remains robust supported by strong net worth of over Rs 500 Cr expected as on 31st Mar, 2022 and absence of debt in the capital structure resulting in expected nil gearing ratio. Debt protection metrics remained robust owing to low reliance on external debt, leading to expected interest coverage at over 60 times in fiscal 2022. In the absence of any debt funded capex plan, the financial risk profile is expected to remain robust over the medium term. 8. In the absence of any repayment obligation over the medium term, the entire cash accrual – projected at Rs 75-80 crore per annum – will aid financial flexibility. The fund-based bank limit was unutilised and the small limit is kept only for backup. Current ratio is estimated at around 11 times as on March 31, 2022, with healthy unencumbered cash balance at over Rs 300 crore as on December 31, 2021. 9. FII stake increased since September 2021 from 0.72% to 1.47%.
NSE:BLSLong
by akashbothra