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Price and trend forecast of BLS for Tomorrow, Weekly, Monthly

BLS International Services Limited

Symbol: NSE:BLS

ISIN: INE153T01027

336.45

As on 2024-04-12

166.30 (52W Low) 429.95 (52W High)

BLS's Today's Performance

BLS International Services Limited started the day by opening at 339.00 today 2024-04-12. Its shares reached a high of 344.15 and dipped to a low of 335.55 in intraday. When the markets closed, BLS’s stock price settled at ₹336.45 per share. Also check out its key support and resistance levels.

BLS Buy/Sell Targets

Tomorrow, sell BLS when its price reaches ₹ 336.45 with a stop-loss order at ₹ 342.34. You can set the target price as ₹ 330.56 to capture potential gains. This sell position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.

In the sections below, we will discuss detailed share price target of BLS for tomorrow's session along with weekly support and resistance. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Resistance for BLS

Resistance Levels Value in ₹
Tomorrow Resistance 1 342
Tomorrow Resistance 2 347
Tomorrow Resistance 3 350

Important Supports for BLS

Support Levels Value in ₹
Tomorrow Support 1 333
Tomorrow Support 2 330
Tomorrow Support 3 325
Based on where the stock opens tomorrow, if BLS opens on a positive note, our first target will be ₹342. If Target 1 is achieved, we will aim for Target 2 which is ₹347.

But if BLS falls below the average value of ₹338.72, you can enter a sell side position with target number 1 - ₹333 and second target - ₹330 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.

Daily Volume chart of BLS

Looking at BLS, we've seen a Decreasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.

In terms of its price, BLS has been on a Downward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for BLS is moderate bearish.

Tomorrow's Volume based share price Forecast for BLS

BLS's Volume is currently in a Decreasing trend, and Price is in a Downward direction. Therefore, we can say the stock is in a moderate bearish trend. Volume trend strength over the last month compared to the last week is -57%.

Reversal detection for BLS

Predicted trend chart of BLS tomorrow for price forecast
BLS may trend may continue to be bearish since stock is making lower low and we can get target of ₹342 in morning tomorrow
Target 1 tomorrow342
Target 2 tomorrow344
Target 3 tomorrow347
 

Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.

Combine this trend forecast with BLS's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.

Based on where the stock opens tomorrow, if BLS opens on a positive note, our first target will be ₹341.88. If Target 1 is achieved, we will aim for Target 2 which is ₹347.32.

But if BLS falls below the average value of ₹338.72, you can enter a sell side position with target number 1 - ₹333.28 and second target - ₹330.12

BLS's Weekly Targets
1st Up Target 351.15
2nd Up Target 365.85
1st Down Target 328.65
2nd Down Target 320.85

As the week for BLS ended on bearish sentiments, we can expect further continuation of this sentiment. BLS's initial target will be 351.15 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 328.65 in the upcoming week.

Weekly OHLC Values
Open 354.90
High 358.05
Low 335.55
Close 336.45

Week for BLS started with an open price of 354.90, and the close was at 336.45. BLS reached the highest of 358.05 and dipped lowest up to 335.55 last week. This indicates a bearish sentiment for the week.

BLS full month swing targets
Monthly Up Target 1 373.65
Monthly Up Target 2 388.35
Monthly Down Target 1 306.15
Monthly Down Target 2 275.85

Targets of ₹373.65 can be expected to be reached in the coming month. Once BLS achieved this target, we can aim for the next upside target of ₹388.35.

BLS if fails to hold upside, down targets of ₹306.15 and ₹275.85 can be achieved by end of this month.

For complete three weeks if BLS is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.

Related Stocks in the Same Sector as BLS

Symbol Name Industry
LT Larsen & Toubro Limited Engineering & Construction
ADANIPORTS Adani Ports and Special Economic Zone Limited Marine Shipping
HAL Hindustan Aeronautics Limited Aerospace & Defense
SIEMENS Siemens Limited Specialty Industrial Machinery
BEL Bharat Electronics Limited Aerospace & Defense

Summary

BLS is expected to reach the target of 341.88 in tomorrow's trading session.

After achieving the initial target in BLS, we will aim for higher targets of 347.32 tomorrow.

However, if BLS starts to trade below ₹338.72, then we will shift our focus to the sell side and aim for down targets of 333.28 and 330.12.