BLIL - Very strong muliple year breakouts BSE:BLIL has given uncountable breakouts.
Firstly is make Cup & Handle pattern over a period of 6 yrs. And gave a strong breakout. C&H breakout target - 700 (Already reached)
Secondly, along with C&H breakout it also gave an All-Time-High breakout from the levels of 520.
Next, it went on to break 6 yr trendline and rested it also.
Finally, it gave breakout over it's 16 yrs trendline. This breakout got rejected as the price has come below it.
I believe the stock should spend some time between 16yr trendline and 6yr trendline. It will be a good strategy to buy either buy the stock at lower level of 625 or at the 16 yr trendline breakout.
Even though 16 yr breakout is not obeyed, stock has shown strength by retesting and respecting 6 yr trendline breakout.
You can also keep on accumulating it while it revolves between this 2 trendlines.
CMP: 671
Buy point: 625 & above 690
SL: 550
Target: Open. Hold it till exit signal. Long term stock.
Remember: SLs are essentials.
Disclaimer: I'm not a registered analyst. I'm just sharing my opinion on the platform for others to benefit in learning from my market understanding. Please do your due diligence before making a trade.
BLIL trade ideas
blil after dividend ex date sept 20 best to takeblil after ex date of sept 20 will fall 40-80 rupees price may come to 370-400 that is best to accumulate if you want dividend can take or just exit now and take later at lower price
you can consider bpcl also along with blil as a pair swap , if you take bpcl dividend will be 58 rupees and bpcl might fall to 400 also then we can swap to blil resulting in higher dividend ,so after taking dividend rest can be shown as loss which can be also used for book adjustments
disclaimer- this is not any investment call or idea , this just my view and it can go wrong ,this is only for educational purposes trade at your own risk
blil consolidating from a long time read description tgt 800++its been around 484 from along time
it went to 540 and got corrected
blil usually in normal market conditions or bad market conditions or good market conditions it does not move much
but its gives dividend of fd return after tax cut off
it gives dividend around 35-40 rupees per share and is increasing dividend year on year
and another interesting thing is that it increased its annualised capital so it can give bonus or split or both
i am expecting to give bonous or split along with declaring dividend
it need to declare dividend date soon i think they will declare bonous along with it too this is just my expectation so expecting 800++
if it declares both bonous and split it might rally to 1600 also if declares both!!'
so however you will get fd return and share appreciation year on year and lucky if get bonous or split i am expecting to declare bonous as tecnically pattern is also formed
and fundamentally good so may try their luck to catch the jackpot
disclaimer- this is not any investment call or idea , this just my view and it can go wrong ,this is only for educational purposes trade at your own risk
risk - usually stock corrects after giving dividend may reinvest dividend or average after dividend would be beneficial or just sell before dividend and accumulate
after dividend incase of low funds
i am expecting by this dividend time they declare some thing
disclaimer- this is not any investment call or idea , this just my view and it can go wrong ,this is only for educational purposes trade at your own risk
