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BLS INTL SERVS LTDBLS INTL SERVS LTDBLS INTL SERVS LTD

BLS INTL SERVS LTD

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BLS trade ideas

BLS INTL SERVICES - Ready for a short term Up MoveThe stock had undergone a big correction even before the recent small cap index correction. The stock fell almost 28% from 475 to 340. It was pushed below the 200 DMA, from where it has been recovering. Even during the recent correction in the small cap index, the stock was in fact showing lot of strength and the relative strength compared to the small cap index is positive now. It is also making higher highs in the daily frame while it is still continuing to make the higher highs and higher lows in the weekly time frame as well. Now, it has also crossed above the short-term moving averages and the previous daily pivot. So, the stock looks likely to test 475 levels. So, I am looking at 15% returns in the short term from the stock. Of course, one has to always keep in mind the overall market weakness.
NSE:BLSLong
by karthikmarar
2
BLS INTL SERVS- Base-On-Base- LOOK FOR A BUY 1. VCP Analysis: - Multiple Contractions : The stock is forming a VCP pattern where volatility has decreased with each successive pullback. You can see that each decline in price gets progressively smaller, which indicates that sellers are getting exhausted, and buyers are stepping in earlier at each pullback. - Tightening Price Action : The pattern shows price action tightening, with the stock forming higher lows. This is typical in a VCP setup, as volatility contracts before a breakout. 2. Moving Averages (9 SMA and 21 SMA): - 9 SMA (Blue Line) : The stock price has been trading above the 9 SMA for a considerable time. This suggests that short-term momentum remains bullish. - 21 SMA (Red Line) : The stock is also above the 21 SMA, confirming that the medium-term trend is upward. Additionally, the 9 SMA crossing above the 21 SMA earlier signals a bullish crossover , a positive indication for the stock. - Support from Moving Averages : The 9 SMA is offering short-term support, while the 21 SMA serves as a secondary support. If the stock pulls back, these two SMAs will be crucial levels to watch. 3. Breakout and Price Action : - Resistance Break : The stock has recently broken through a resistance level around ₹404. This level has now turned into support. The breakout is a positive signal, especially in a VCP setup, as it often leads to continued upward movement. - Volume Confirmation : Volume during the breakout appears significant, supporting the price movement. However, volume has decreased post-breakout, indicating potential consolidation before another move higher. 4. Key Levels: - Support Levels: - The first support is around ₹414, where the breakout occurred. - The next level of support is likely the 21 SMA (currently around ₹438). - Resistance: - The immediate resistance zone is around ₹460-₹470. If the stock clears this level, it could indicate further upside potential. 5. Volume Consideration: - Volume Contraction : Volume seems to have contracted during pullbacks, which is typical in a VCP setup. The most recent breakout above the ₹404 level came with an increase in volume, confirming the strength of the move. - Recent Volume: As the stock approaches resistance, volume has diminished, which could indicate a period of consolidation before the next leg up. Conclusion: The stock is showing a well-formed **VCP** with tightening price action and decreasing volatility, a bullish sign. The breakout above ₹414, supported by volume, suggests further upside is possible. Watch for the stock to maintain its position above the 9 and 21 SMAs for continued strength. Keep an eye on the ₹460-₹470 resistance area, and monitor the volume for confirmation of any further breakouts.
NSE:BLSLong
by minion_traders
BLS International - Nearing big box breakout after long consolidBLS International - Nearing big box breakout after long consolid Stock with good fundamentals and great FY-Q1 results.. Buy @ CMP or above 403 for long term holding with a target of 30-40% upside Disclaimer: This analysis is for informational purposes only and does not constitute investment advice. Trading involves significant risk and may result in the loss of capital. Always conduct your own research or consult a financial advisor before making investment decisions. I am not responsible for any actions taken based on this analysis.
BSE:BLSLong
by junaid210
BLS - Gearing up for 15% - 20% move ?In early Feb, the stock faced price rejection around 430 levels and was pushed back to the 200 DMA levels. From there, it has been consolidating for almost three months. Now it is attempting to move up, it is about to cross the current price rejection level at 358. The relative strength is also turning positive and the money also started flowing into the stock. The volumes have been increasing including the delivery volumes indicating committed buyers are stepping in. The momentum has and Buying Pressure have been increasing recently. Once we have a positive close above 358 levels, we could see the stock testing the supply zone around 430 levels. This is a stock to watch.
NSE:BLS
by karthikmarar
How to Trade BLS InternationalBLS Intl, now at 343 on March-14-2024 : 2 ongoing patterns can be seen #1. Per EW, the major Motive wave is completed and retracement is done closer to 0.382 and rising again, So, invest few now, invest until 256 for target of 604.5 in 1-1.5 yr holding period #2. Per another ongoing pattern ( highlighted zone ), One can invest until 300 for a target of 604 As strict stoploss of 255 Expected Gains from curent price --> 76.2% Prefer to invest regularly in this
NSE:BLS
by krishnadevathi
BLS International - Looks Good!The price has recently broken out to the upside after a period of consolidation, indicating that the prior upward trend is likely to continue. A Symmetrical Continuation Triangle with a bullish bias is characterized by two converging trendlines. During this formation, prices make lower highs and higher lows, creating a tightening range. As the pattern evolves, trading volume tends to decrease, reflecting market uncertainty and indecision. It's important to note that the breakout occurs before the triangle reaches its apex, the point where the trendlines meet. What's particularly noteworthy is that the price breaks above the upper trendline with a noticeable surge in trading volume, serving as confirmation that the pattern is a signal for a continuation of the previous uptrend. This breakout suggests that the market sentiment has shifted back to a more bullish stance, potentially leading to further price appreciation. Note at below RSI Vs Price divergence also noticed! PLEASE NOTE THAT: This chart analysis is only for reference purpose. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade
NSE:BLS
by hardeepssethi
There appears to be a bullish break of structure.NSE:BLS 03/07/2023 Disclaimer: This is just my observation, please do not consider this financial advise. In the last two trading days, 213.55 range has been tested 2 times. A bullish break of structure is already seen from 22nd of JUNE to current date. There is a confluence where both the chart and the RSI shows an uptrend (I know it has touched the 70 mark but the uptrend remains steady). The 21, 50 and 200 smoothed moving average shows a good uptrend. The resistance level of 208.28 established during December of 2022 has been breached. I want to see where this goes. But I have a good feeling. Cheers!
NSE:BLSLong
by surajnagesh
1