BLS International Services Ltd - Breakout Opportunity
Date: 1-May-2024
Rating: Buy - Positional Trade
LTP: Rs. 350.50
Targets: (1) Rs. 372 --> (2) Rs. 397 --> (3) Rs. 429 --> (4) Rs. 517
SL: Rs. 324
Technical View:
•
BLS is in its primary uptrend and was recently going through it's secondary downtrend.
• After touching the high of 429.95 on 1-Feb-2024, it has retraced 33% to 288.40 level.
• On 29-Apr-2024,BLS has broke out from its secondary down trend with higher than average volume.
•BLS has also closed above 20 DMA, 50 DMA and 21 DEMA on 29-Apr-2024.
• RSI has formed bullish cross over on 29-Apr-2024 and trading at 56.80 on 30-Apr-2024 indicating bullish momentum in coming days.
• MACD is about to cross 0 line as on 30-Apr-2024.
• Looking strong to start a new swing from here.
Disclaimer: I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market.
Rating: Buy - Positional Trade
LTP: Rs. 350.50
Targets: (1) Rs. 372 --> (2) Rs. 397 --> (3) Rs. 429 --> (4) Rs. 517
SL: Rs. 324
Technical View:
•
BLS is in its primary uptrend and was recently going through it's secondary downtrend.• After touching the high of 429.95 on 1-Feb-2024, it has retraced 33% to 288.40 level.
• On 29-Apr-2024,
BLS has broke out from its secondary down trend with higher than average volume.•
BLS has also closed above 20 DMA, 50 DMA and 21 DEMA on 29-Apr-2024.• RSI has formed bullish cross over on 29-Apr-2024 and trading at 56.80 on 30-Apr-2024 indicating bullish momentum in coming days.
• MACD is about to cross 0 line as on 30-Apr-2024.
• Looking strong to start a new swing from here.
Disclaimer: I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market.
Trading ditutup: stop tercapai
Stop loss hit. Closing the idea.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.