#BLS trading above Resistance of 247
Next Resistance is at 288
Support is at 179.50
Here are previous charts:
Chart is self explanatory. Entry, Resistances and Support are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult...
BLS International breaks strong resistance at 195.
Head and Shoulder chart pattern formation.
Cup and handle formation.
Entry above 196.50 First target 215 and second target 225
Stop loss 185
Note:- Education purpose only.. not advice to buy...
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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BLS Moved out of the channel @177. on 25Th May , it gave second chance to buy around trendline at 167. The target for the channel pattern comes around 215. One can add at 194/188
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.
BLS here the price forming the pattern and already given the breakout and hope it wil be a exciting trade when we got an opportunity and when it does i will update
#BLS
- Descending Triangle BO
- Volume Dried up during Pattern formation
- Price Buildup Before BO
- Increased Volume on BO
- Trading above all major EMAs
- Bullish Daily RSI
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...
