BLS - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.7
| Stock Code | BLS | Market Cap | 10,895 Cr. | Current Price | 265 ₹ | High / Low | 422 ₹ |
| Stock P/E | 106 | Book Value | 2.24 ₹ | Dividend Yield | 0.76 % | ROCE | 80.7 % |
| ROE | 103 % | Face Value | 1.00 ₹ | DMA 50 | 273 ₹ | DMA 200 | 303 ₹ |
| Chg in FII Hold | -0.23 % | Chg in DII Hold | 0.07 % | PAT Qtr | 71.6 Cr. | PAT Prev Qtr | 25.3 Cr. |
| RSI | 44.6 | MACD | -3.24 | Volume | 10,18,195 | Avg Vol 1Wk | 18,12,309 |
| Low price | 218 ₹ | High price | 422 ₹ | PEG Ratio | 2.41 | Debt to equity | 0.14 |
| 52w Index | 22.7 % | Qtr Profit Var | 4,431 % | EPS | 2.49 ₹ | Industry PE | 40.3 |
- 📈 Chart Patterns: BLS is trading at 265 ₹, showing weakness after testing highs of 422 ₹. Support lies around 260–265 ₹, resistance near 280–290 ₹. Trendlines suggest corrective consolidation with bearish undertone.
- 📊 Moving Averages: Price is below both 50 DMA (273 ₹) and 200 DMA (303 ₹), indicating short-term and long-term weakness.
- 📉 RSI: At 44.6, RSI is neutral-to-weak, suggesting limited momentum and possible downside risk.
- 📉 MACD: Negative (-3.24), confirming bearish momentum in the short term.
- 📊 Bollinger Bands: Price is near the lower band, indicating oversold conditions and potential mean reversion.
- 📊 Volume Trends: Current volume (10,18,195) is below weekly average (18,12,309), showing reduced participation and weak conviction.
- 📌 Momentum Signals: Entry zone around 260–265 ₹; exit zone near 280–290 ₹.
- 🔄 Trend Status: Reversing from bullish highs into corrective consolidation.
Positive
- ROCE (80.7%) and ROE (103%) are exceptionally strong.
- EPS of 2.49 ₹ supports earnings base.
- Dividend yield of 0.76% provides shareholder return.
- Quarterly PAT surged to 71.6 Cr. from 25.3 Cr.
Limitation
- Price below both 50 DMA and 200 DMA signals weakness.
- RSI weak and MACD negative, showing bearish bias.
- P/E of 106 vs industry average of 40.3 highlights steep valuation.
- Volume below average, reducing conviction in recovery.
Company Negative News
- FII holdings decreased (-0.23%), showing foreign investor caution.
- Valuation stretched compared to peers.
Company Positive News
- PAT growth (+4,431%) shows sharp earnings recovery.
- DII holdings increased (+0.07%), providing domestic support.
- Strong ROCE and ROE highlight operational efficiency.
Industry
- Industry P/E at 40.3 highlights sector trading at lower multiples.
- Service sector remains moderately valued compared to BLS’s premium.
Conclusion
BLS is in a corrective consolidation phase with weak RSI and MACD, suggesting short-term bearishness. Entry near 260–265 ₹ offers tactical positioning, with exit near 280–290 ₹. Strong fundamentals and profit recovery support long-term potential, but stretched valuation and weak technicals warrant cautious trading with strict stop-loss discipline.
Would you like me to extend this into a peer benchmarking overlay to compare BLS against service sector peers, or refine it into a swing trade outlook with medium-term targets?