Sector: Healthcare & Pharmaceuticals
CMP: ₹513.00
Bliss GVS Pharma is showing a constructive technical setup with multiple bullish factors aligning.
Key Observations:
Trading above the Higher Value Monthly CPR, indicating the primary trend remains bullish.
Price is holding within the Golden Pivot Zone, a favorable area for trend continuation.
The recent pullback is accompanied by drying volumes, suggesting selling pressure is weakening.
Small-bodied candles indicate consolidation rather than aggressive distribution.
Price continues to find support near the 10 EMA, reflecting strong short-term momentum.
Trade Plan:
Entry: On a breakout above the recent consolidation with volume confirmation.
SL: Below the Monthly CPR / 10 EMA support.
Targets: Previous High, followed by R1 and R2.
👀 Keep this stock on your watchlist. A breakout from this low-volume consolidation could lead to the next leg of the uptrend.
For educational purposes only. Not a buy/sell recommendation.