BLIL▼ BearishSwing
Short bias on BLIL below 20-bar average
Trade plan
Entry₹62.55
Target₹60.20+3.8%
Stop loss₹65.00-3.9%
Risk : Reward1 : 0.96
BLIL is trading at 62.53, well under its 20‑bar average close of 64.82, indicating a bearish bias. The price sits more than 3.5% below the average, suggesting further downside potential. A short entry near the current level targets a pull‑back toward 60.20, with a stop just above the average at 65.00 to protect against a reversal.
This idea was shared by a NixPulse community member for educational purposes only. It is not investment advice or a recommendation to buy or sell. Trading involves risk — do your own research.
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