BLS - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 2.9

Here’s a detailed technical analysis of BLS International Services Ltd

📊 Trend Overview

Current Trend: Weak bearish to neutral

Status: The stock is currently consolidating, with signs of a potential reversal if momentum improves. Price action is choppy and lacks conviction.

📈 Moving Averages

DMA 50: ₹373

DMA 200: ₹381

Current Price: ₹369

🔹 Price is below both 50-DMA and 200-DMA, indicating short-term and medium-term weakness. These levels now act as resistance.

📉 Momentum Indicators

RSI (14-day): 47.8 — Neutral zone, no strong overbought/oversold signal.

MACD: -2.11 — Bearish crossover, suggesting downward momentum.

Volume: 7.63 lakh vs 1-week avg of 6.14 lakh — Slightly elevated volume, but not enough to confirm a trend reversal.

📊 Bollinger Bands

Price is near the lower band, indicating oversold conditions but not yet signaling a reversal. Volatility remains subdued.

🔍 Support & Resistance Zones

Level Price (₹) Commentary

Support 1 360 Recent bounce zone

Support 2 308 52-week low, strong base

Resistance 1 373 50-DMA, immediate resistance

Resistance 2 381 200-DMA, medium-term resistance

Resistance 3 400 Psychological level, trendline resistance

🎯 Entry & Exit Zones

Optimal Entry: ₹360–₹365 range, if price holds above support with volume confirmation.

Exit Zone: ₹380–₹400 for short-term traders; ₹420+ if reversal confirms and price breaks above 200-DMA.

⚠️ Short-Term Signals

MACD bearish, RSI neutral, and price below key averages suggest limited upside unless momentum improves.

Weak quarterly profit and high P/E ratio raise caution from a valuation standpoint.

🧭 Summary

Trend: Consolidating with bearish undertone

Momentum: Weak; MACD and moving averages indicate caution

Technical Rating: 2.9 — Mildly bearish with potential if price reclaims 50-DMA

Sources: Moneycontrol Technicals

1

, TradingView BLS Analysis

2

Would you like a forecast model or comparison with other mid-cap service providers?

1

www.moneycontrol.com

2

in.tradingview.com

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