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!
