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...
Good Fundamentals
FII Increased Stake of 2.38%
Cup & Handle Breakout Seen on Weekly Chart
Price could re-test the breakout level because RSI showing negative divergence.
This is for educational purpose only.
CMP: 283
- The stock is in the uptrend
- Corrected 13% from its All-Time High
- Took support near 21 EMA
- Now looks ready to move higher with support around 260
~BLS INTERNATIONAL is in strong uptrend.
~It can continue its rally.
~S.L.is given on the chart.
~Target is not decided.
Desclaimer- Above information is given for educational purpose only.
"LEARN MORE-EARN MORE"
DON'T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Book profits within the first 30 minutes of the market opening
- Try to exit by taking 3-5% profit of each trade
- SL can be taken when the 5/15 min candle closes below 44EMA
- SL can also be maintained as 1% or closing below the low of the breakout candle
The levels mentioned on...
This idea is a follow-up to BLS
You can check the Link to Related Ideas ( Detailed analysis done in 25th Aug Video )
Disclaimer: The information provided is for educational purposes only. Our intention is not to give any financial advice, don't take any decision without consulting your financial advisor.
