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Blsinternational

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