BLS INTERNATIONAL AN INTERESTING CHART ABCD

6 Jul

BLS International Services Ltd. is an interesting chart with following

TECHNICALS:
RSI on all time frames above 60
Narrowing Bollinger Bands on weekly chart
Cluster of Averages support at 340-360 levels with 20 day SMA at 356; 20 week SMA at 339 and 50 day SMA at 346 levels
ABCD Pattern under formation on weekly chart
Price walking near upper Bollinger bands on daily and weekly charts
Price gain with rising volumes


Lets See How it evolves

FUNDAMENTALS
Company is almost debt free.
Company has delivered good profit growth of 33.1% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 28.4%


Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.