BLS - IntraDay Trade Analysis

Last Updated Time : 02 Aug 25, 12:58 am

📊 Intraday Trade Analysis for BLS

Trade Rating: 3.4

BLS offers a moderately favorable setup for intraday trading today. Momentum indicators reflect a neutral tone, but strong fundamentals and technical proximity to support levels present a potential scalp opportunity with guarded optimism.

🧭 Technical Snapshot

RSI (48.7): Flat and neutral — no decisive trend bias yet.

MACD (-2.13): Mild bearish crossover, suggesting consolidation or modest downside pressure.

Price (₹373) is slightly below 50 DMA (₹376) and 200 DMA (₹383) — cautious tone.

Volume (11.16L) slightly below 1-week average (12.26L) — intraday interest is stable but unspectacular.

🧾 Fundamental Pulse

Strong ROE (34.6%) & ROCE (32.9%): Highly efficient — a sign of quality.

PEG (0.46): Attractive growth relative to valuation.

Quarterly PAT growth (67.3%): Impressive earnings momentum.

Decline in FII holding (-1.40%) offsets marginal DII increase — mixed sentiment.

Stock P/E (30.1) < Industry PE (36.5): Reasonably priced in sector context.

🛠️ Trade Strategy

If opening a new intraday position

Buy Zone: ₹370 – ₹373 (enter on dip near 50-DMA support)

Target Exit (Profit): ₹380 – ₹385 (resistance near 200-DMA)

Stop Loss: ₹366 (tight range to guard against downside continuation)

If already holding intraday

Exit Conditions

Price stalls below ₹380 by early afternoon without volume pickup

MACD deepens its negative divergence by 1:30 PM

RSI drops toward 45 or volume dips below 9L after 2 PM

Suggested Exit Window: 2:00–2:45 PM IST, unless intraday breakout above ₹385 is backed by strong volume surge.

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