BLS trade ideas
BLS International Services Ltd.BLS International Services Ltd.
C&H Pattern: Monthly Basis
Price / Vol. BreakOut. Price Pushback / Further Vol. Built-up
*With Price Up, Trail Stop Loss*
*Book Profit as per Risk Appetite*
*Fundamentally Strong Co*
Part of 4 decades-old BLS Group.
Amongst top 3 global players in visa application outsourcing.
Services in 62 countries / 2,325 offices worldwide / 36 Govt. clients.
Pandemic subsiding, travel / tourism picking up pace worldwide: Positive
Increasing Sales/Profitability on Qtrly/Yrly Basis.
RoA/RoE/RoCE: Strong Double digits.
Negligible Debt / Strong TNW / Low Equity / Increasing Cash Reserve.
Sharp Increase in Ops. Cash Flow in FY22 vs FY21.
Significant Promoter's Constant Stake.
*Concern:*
Geopolitical. China/US war over Taiwan.
*Do Your Own Research as Well. This is Just an Opinion.*
Your Opinion may Differ/Respected.
Happy Investing :)
BLS/INR Ready to 100% from here because of Bull flag Breakout#BLS/INR TA Update:-
₹BLS currently trading around ₹235
As per chart Bull flag already broke out.
ATH resistance is ₹271
All are waiting to breakout ₹271
Good to accumulate around this level.
Strong support = ₹184
If break ₹271 then My target will be ₹436 and ₹617
Stop Loss = ₹179