BLS International Services Limited Stock Forecast
Weaker technical forecast for BLS International Services Limited as stock downgraded to Sell Candidate.
(Updated on Apr 26, 2024)
The BLS International Services Limited stock price fell by -1.27% on the last day (Friday, 26th Apr 2024) from ₹333.65 to ₹329.40. During the last trading day the stock fluctuated 2.69% from a day low at ₹327.10 to a day high of ₹335.90. The price has fallen in 6 of the last 10 days and is down by -3.63% for this period. Volume has increased on the last day by 378 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 1 million shares were bought and sold for approximately ₹377.69 million.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at ₹342.58 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -18.95% during the next 3 months and, with a 90% probability hold a price between ₹202.02 and ₹277.67 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
BLS.NS Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, March 13, 2024, and so far it has risen 14.39%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The BLS International Services 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 ₹331.34 and ₹333.89. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for BLS International Services Limited stock
BLS International Services Limited finds support from accumulated volume at ₹327.90 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 ₹8.80 between high and low, or 2.69%. For the last week, the stock has had daily average volatility of 2.09%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BLS.NS) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect BLS International Services Limited to open at ₹330.80, and during the day (based on 14 day Average True Range), to move between ₹317.14 and ₹341.66, which gives a possible trading interval of +/-₹12.26 (+/-3.72%) up or down from last closing price. If BLS International Services Limited takes out the full calculated possible swing range there will be an estimated 7.44% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹327.90 (0.46%) than the resistance at ₹335.05 (1.72%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is BLS International Services Limited stock A Buy?
BLS International Services 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.811 Sell Candidate Downgraded
Predicted Opening Price for BLS International Services Limited of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| ₹330.80 ( 0.425%) | ₹329.40 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BLS.NS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 339.60 | 3.10 % | |
| R2 | 336.24 | 2.08 % | ||
| R1 | 334.16 | 1.45 % | ||
| Current price: | 329.40 | |||
| Support | S1 | 327.44 | -0.596 % | |
| S2 | 325.36 | -1.23 % | ||
| S3 | 322.00 | -2.25 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 353.75 | 7.39 % | |
| R2 | 343.15 | 4.17 % | ||
| R1 | 335.05 | 1.72 % | ||
| Current price | 329.40 | |||
| Support | S1 | 327.90 | -0.455% | |
| S2 | 324.30 | -1.55% | ||
| S3 | 319.45 | -3.02% |
BLS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 23, 2024 | Feb 23, 2024 | Mar 13, 2024 | ₹0.500 | 0.174% |
| 2 | Feb 17, 2023 | Feb 17, 2023 | Feb 17, 2023 | ₹0.500 | 0.296% |
| 3 | Sep 13, 2022 | Sep 13, 2022 | Sep 13, 2022 | ₹0.125 | 0.0857% |
| 4 | Feb 11, 2022 | Feb 11, 2022 | Feb 11, 2022 | ₹0.250 | 0.425% |
| 5 | Sep 16, 2021 | Sep 16, 2021 | Sep 16, 2021 | ₹0.0625 | 0.0842% |
FAQ
Click here for our free guide on how to buy BLS International Services Limited Stock.
