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Bslltd

BSL - VCP pattern Breakout on Weekly ChartBSL Ltd has given a breakout of Volatility Contraction Pattern (VCP), a bullish setup. Key points in this VCP: 3T VCP Formation: 1st Contraction: 38.7% 2nd Contraction: 31% 3rd Contraction: 15.86% These diminishing contractions indicate reduced volatility and a tightening range, suggesting that selling pressure is decreasing. Breakout: The price has broken above the consolidation area and resistance line, signaling a potential entry point for a bullish move. This breakout, coupled with high volume, adds strength to the bullish signal. Volume and Moving Averages: Noticeable volume increases during breakouts from each contraction, supporting the strength of the move. The price is above key moving averages, confirming the uptrend. Overall, this VCP and breakout pattern suggests a strong bullish setup with potential for upward momentum.
NSE:BSLLong
by Profit_Trader25
3
BSL LIMITED stock pattern formation on Daily Chart BSL LIMITED stock going in tight consolidation am expecting a good up side move company's earning report coming Company is expected to give good quarter keep in your watch-list slow moving stock but have potential promoters holding stable individual investors & FII's entered in this stock Disclaimer: This information is for educational purposes only and does not constitute financial advice or a recommendation to buy or sell any securities. Always do your own research and consult with a financial advisor before making investment decisions.
NSE:BSLLong
by rajatbhawra