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BLISSGVS.NSE

Technical Analysis – Bliss GVS Pharma Ltd. (Weekly)

Long-term

Equities

1 month ago

Bliss GVS has broken above the resistance zone of ₹200–₹212 on the weekly timeframe, indicating improving bullish strength and positive price structure.

As the breakout has occurred near a historical supply zone, there is a possibility of a fake breakout or short-term correction towards the breakout area for retest before further continuation.

Previous Resistance (Now Support): ₹200–₹212


Immediate Support: ₹170–₹180


Major Support: ₹78–₹80

Outlook:
Overall structure has turned positive post breakout. Sustained price acceptance above ₹212 on a weekly closing basis will be crucial for continuation of the uptrend. Any pullback towards the breakout zone may act as a healthy retest, provided support levels hold. Investors are advised to monitor price action and take decisions as per their risk profile and market conditions.

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Posted by

VITHULDAS

Moderator

1 month ago

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