BLS - Technical Analysis

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

📊 Technical Analysis Summary for BLS International Services Ltd.

Technical Rating: 3.4

BLS is currently in a consolidation phase, hovering near key moving averages with neutral momentum indicators. While long-term fundamentals remain strong, short-term signals suggest a wait-and-watch approach with potential for breakout or breakdown depending on volume and price action.

📈 Trend Status

Trend: Consolidating after a pullback from 52-week high (₹522)

Chart Patterns: Symmetrical triangle and horizontal channel formations visible

Price Action: Trading slightly below 50 DMA (₹376) and 200 DMA (₹383), indicating indecision

📊 Momentum Indicators

RSI (48.7): Neutral zone; no clear overbought/oversold signal

MACD (-2.13): Slightly negative, suggesting mild bearish momentum

Volume: Slightly below average (11.16L vs 12.26L), indicating reduced participation

📉 Moving Averages

Indicator Value Signal

50 DMA ₹376 Price below – mildly bearish

200 DMA ₹383 Price below – neutral

EMA (short-term) ~₹374 Price near EMA – consolidation

📊 Bollinger Bands

Price near middle band, suggesting range-bound movement

Band width narrowing, indicating low volatility and potential breakout setup

🔍 Support & Resistance Zones

Level Price (₹)

Support 1 362

Support 2 348

Resistance 1 387

Resistance 2 406

Resistance 3 440

🎯 Entry & Exit Zones

Optimal Entry: ₹360–₹370 (near support and neutral RSI)

Exit Zone: ₹405–₹440 (approaching resistance and breakout levels)

🧭 Conclusion

BLS is consolidating with neutral technical indicators. A breakout above ₹387–₹406 could trigger bullish momentum, while a drop below ₹362 may invite downside risk. Traders may consider range-bound strategies or wait for confirmation of trend direction with volume support.

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