Bliss GVS Pharma Limited Stock Forecast

Red day on Friday for Bliss GVS Pharma Limited stock after losing 0.374%
(Updated on May 24, 2024)

BLISSGVS.NS Signals & Forecast

There are few to no technical positive signals at the moment. The Bliss GVS Pharma Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at ₹108.56 and ₹113.95. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, May 02, 2024, and so far it has fallen -17.58%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Bliss GVS Pharma Limited stock

Bliss GVS Pharma Limited finds support from accumulated volume at ₹104.80 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved ₹3.40 between high and low, or 3.21%. For the last week, the stock has had daily average volatility of 2.38%.

Bliss GVS Pharma Limited is oversold on RSI14 (14). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (BLISSGVS.NS) For The Upcoming Trading Day Of Monday 27th

For the upcoming trading day on Monday, 27th we expect Bliss GVS Pharma Limited to open at ₹107.35, and during the day (based on 14 day Average True Range), to move between ₹102.60 and ₹110.70, which gives a possible trading interval of +/-₹4.05 (+/-3.79%) up or down from last closing price. If Bliss GVS Pharma Limited takes out the full calculated possible swing range there will be an estimated 7.59% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ₹104.80 (1.73%) than the resistance at ₹119.05 (11.63%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Bliss GVS Pharma Limited stock A Buy?

Bliss GVS Pharma Limited holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -4.022 Sell Candidate Unchanged

Predicted Opening Price for Bliss GVS Pharma Limited of Monday, May 27, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.