BLS E-Services – Educational Technical View
(SEBI Reg. INH000019886 | Learning Purpose Only)
The chart shows a clear inverse Head & Shoulder structure, with the right shoulder completing near the 200–205 support zone. Price has now reclaimed both 20 EMA & 50 EMA, confirming strength.
🔍 Key Technical Highlights
Right Shoulder formation completed smoothly
Price holding above EMAs with steady bullish candles
Bollinger Bands squeezing → expecting expansion
Momentum indicators turning upward
Volume improving on green candles
🎯 Edu Levels
Immediate Resistance: ₹235
Support Zone: ₹212 – ₹202
Targets:
• First Target: ~₹255
• Extended Target: ~₹325 (pattern projection)
📈 Summary
As long as price sustains above ₹212, the bullish structure remains intact. A breakout above ₹235 can trigger the next leg toward the projected targets.
⚠️ Educational Purpose Only
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