BLSE – Technical View (Daily Chart)
BLSE has seen a long correction from the ₹420 zone. After forming a strong base near ₹140–150, the stock has stabilised and started making higher lows, indicating the downtrend has paused and consolidation is underway.
Price is currently range-bound between ₹205–235, which looks like healthy consolidation after recovery, not distribution. Sellers are getting absorbed near support.
Resistance is placed at ₹228–235, while strong support lies at ₹205–210. A major structural support is at ₹185. A daily close above ₹235 with volume can trigger an upside move towards ₹260–270 and then ₹300+. Accumulation is possible in the ₹205–225 zone until breakout.
A decisive close below ₹185 will weaken the structure.
Overall, the trend is shifting from bearish to neutral–positive. Patience is key, as real momentum will come only after a clean breakout.
Not a buy/sell recommendation. For educational purposes only.
BLSE has seen a long correction from the ₹420 zone. After forming a strong base near ₹140–150, the stock has stabilised and started making higher lows, indicating the downtrend has paused and consolidation is underway.
Price is currently range-bound between ₹205–235, which looks like healthy consolidation after recovery, not distribution. Sellers are getting absorbed near support.
Resistance is placed at ₹228–235, while strong support lies at ₹205–210. A major structural support is at ₹185. A daily close above ₹235 with volume can trigger an upside move towards ₹260–270 and then ₹300+. Accumulation is possible in the ₹205–225 zone until breakout.
A decisive close below ₹185 will weaken the structure.
Overall, the trend is shifting from bearish to neutral–positive. Patience is key, as real momentum will come only after a clean breakout.
Not a buy/sell recommendation. For educational purposes only.
❤1
My trade in #HEG, now clocks 10% upside. Markets currently are very difficult to trade and that too very stock specific.
You can use this screener to filter good setups. I personally use this.
#BAJAJAUTO
Breaking out from huge base.
CMP 9300-9600 adding area.
Stoploss below neckline 8500.
Upside 11600-12700.
Breaking out from huge base.
CMP 9300-9600 adding area.
Stoploss below neckline 8500.
Upside 11600-12700.
#SMSPHARMA 📊
Currently at good pre-breakout level 315- 320 ✅
52Week High 335 ✅
Immediate Support is 295-300 ⏬
Currently at good pre-breakout level 315- 320 ✅
52Week High 335 ✅
Immediate Support is 295-300 ⏬
#RRKABEL
Currently at good pre-breakout level 1500-1515 ✅
52Week High 1562 ✅
Immediate Support is 1415-1425 ⏬
Currently at good pre-breakout level 1500-1515 ✅
52Week High 1562 ✅
Immediate Support is 1415-1425 ⏬
Only Positional Community
#RRKABEL Currently at good pre-breakout level 1500-1515 ✅ 52Week High 1562 ✅ Immediate Support is 1415-1425 ⏬
I am already having this, second time I am updating on #RRKABEL.