cup&handle in BLS INTERNATIONALBLS International Services Limited (BLS), a part of the four-decades-old BLS Group with a global presence and diversified range of services, and is the biggest global players in visa application outsourcing.
Its clientele includes Indian Overseas Bank, SBI, Punjab National Bank, HDFC Bank, etc. It has a network of over 27,000 business correspondents, 1,10,000 touchpoints, and 1,000+ e-stores spread across 52 districts and over 26,000 centres in India.
BLS trade ideas
BLS International Services LimitedBLS International Services Limited (BLS), a part of the four-decades-old BLS Group with a global presence and diversified range of services, and is the biggest global players in visa application
BLS#BLS
Volume Pullback: The stock has pulled back from September highs on low volume, indicating a potential buying opportunity.
200MA Support: The stock has successfully tested and held above its 200-day moving average multiple times, suggesting strong support.
Relative Strength: The stock's relative strength versus Nifty has improved on the weekly chart, indicating out performance.
BLS INTERNATIONAL SERVICESBLS INTERNATIONAL SERVICES, after a sharp sell off correction BLS Will recover and again will move upwords as per chart, and our target also achiev very soon n fast , watch it
BLS BREAKOUT STOCK - SWING STOCKBLS Good above 460.
Taken Support From Trendline on Daily TF.
Momentum Indicators showing Bullish Strength.
Increase In Volume.
Weak Below 435.
Ready For Upside 500-550+
BLS - Cup and Handle -Breakout-DailyBLS - Cup and Handle -Breakout-Daily and retested neckline
Name - BLS
Pattern - Cup and Handle
Timeframe - Daily
Status - Breakout
Volume - very Good
Cmp - 444
Target - 537
SL - 402
BLS INTERNATIONAL SWING TRADE Good Consolidation Break above 420 with volume little down than buy range 395-400 sl 380 TG 440-460
Educational Ideas
To motivate us, Please like the idea If you agree with the analysis.
BLS INTERNATIONAL Good Fundamentals
Good Volume build up
Prior up trend
Strong sector
Strong stock
Good support near 21EMA
BLS INTERNATIONAL AN INTERESTING CHART ABCD
BLS International Services Ltd. is an interesting chart with following
TECHNICALS:
RSI on all time frames above 60
Narrowing Bollinger Bands on weekly chart
Cluster of Averages support at 340-360 levels with 20 day SMA at 356; 20 week SMA at 339 and 50 day SMA at 346 levels
ABCD Pattern under formation on weekly chart
Price walking near upper Bollinger bands on daily and weekly charts
Price gain with rising volumes
Lets See How it evolves
FUNDAMENTALS
Company is almost debt free.
Company has delivered good profit growth of 33.1% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 28.4%
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
BLS INTERNATIONALBLS International, after a corona, there is boom is travel and tourism industry, and company is opening its new apporovals from many countries for there visa processing, so stock is in limelight
BLS International Looks Solid1. Retest of the resistance done
2. Price surge above 20–50 sma with huge volumes
3. 200 sma rising
BLS INT_Retest Support and Bounce Back.A Retest in the stock market refers to a situation where a stock or market index approaches a significant technical level (support or resistance) that it has previously touched, and traders and investors are watching to see whether it will break through that level or bounce off it. This is a key moment because it can signal a potential change in the stock's direction.
BLS International trading strategy for short term gainIt is a preferred partner for Embassies and Governments across the world, having an impeccable reputation for setting benchmarks in the domain of visa, passport, consular, e-governance, attestation, biometric, e-visa & retail services.
last 3 years net profit :
2022: 114 cr
2023: 220 cr
2024: 352 cr
promoters have over 70%.
can buy this stock if it can sustain above 360+ range on daily charts. nearest target of this stock could be 400-425.
LONG time (swing) risk managed entry BLS internationalsee on chart description of detailed idea behind this, this stock moving up from a 200,150,50 sma point...which is great...entry must be made with this 4 point risk mange system,because only problem is its not a leading stock( untill reach 2nd target) in its peer company
good luck entry....
if it goes as planned (2week) then will discuss future strategy on this entry, how to hold long time
BLS classical retracement in a bull run.The stock has had many bull rallies in the past and has been a multibagger. Despite the significant price movement, the stock is not considered inflated, as the fundamentals have kept pace with the increasing price demand. Historically, the stock moves in cycles of rallies and consolidations, and it is currently transitioning from a consolidation phase to a rally phase.
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.
BLS International Services Ltd. (EDUCATIONAL PURPOSE ONLY,)There is no guarantee in stock market and Nothing over week
STOCK TO STUDY (EDUCATIONAL PURPOSE ONLY, NOT BUY OR SELL RECOMMENDATIONS)
BLS International Services Ltd.
Target: RS 370
CMP: RS 349.95
ENTRY RANGE: 346-354
STOP LOSS: RS 330
Disclaimer: I am not Sebi Registered.
BLS International Nice Long SetupNice weekly running flat in uptrend market. can go long for good risk to reward. for entry try lower time frame. overalls direction looks upside.
BLS INTERNATIONALImpulse move expected
1. Long at 278
2. Target 1 - 298
3. Target 2 - 322
Disclaimer :- Iam not SEBI registered adviser. Please research before Investing.
Please do follow for more Analysis on Stocks- (Both Swing & Investment)
BLS International Cmp 274.45 Rectangle ConsolidationBLS International Cmp 274.45 dated 10-11-2023
1. Rectangle Consolidation BO @ 290
2. Bullish Engulfing Candle
3. 71% holding with Promoters & 7% with FII's
(78% in strong hands)
4. Almost Debt free Company
Buy above 278 target 290-300-325-350 SL 255
It is just a view, please trade at your own risk.
