BLS International Services (W): Potential Breakout Setup

BLS is approaching the upper boundary of a long-term descending channel after a prolonged decline from the ₹500+ zone. Here,

🔹 Price is holding the ₹240–245 demand/support zone
🔹 Recent selling appears to be losing momentum
🔹 Current candle is bullish and testing the channel resistance
🔹 ₹260–265 is the key breakout zone
🔹 A breakout accompanied by strong volume would provide VPA confirmation of demand

🟢 Bullish Trigger: Strong daily close above the trendline with above-average volume could fuel a move towards ₹300-500

🔴 Invalidation: A breakdown below ₹240 on heavy volume would negate the bullish setup.

The setup is NOT bullish merely because price is rising.

The key confirmation is:

Price breaks resistance + volume expands + candle closes strongly.

If price breaks ₹265 on low volume, it could be a false breakout / upthrust, and the setup should be avoided.

Note: Trade probabilities, not predictions.