🟦 Rectangle Breakout in BLS – Classic Technical Play in Action!

📈 Pattern Overview After 6+ months of sideways consolidation, BLS has broken out of a well-defined rectangle range between ₹330–₹420. 🚀 Breakout Triggered! With today’s breakout above ₹420, the stock is confirming bullish intent. If this breakout sustains on higher volume, the pattern target points toward ₹510+, offering a 21% potential upside. 🔁 Retest Scenario Possible A minor pullback towards ₹400–₹410 would be a healthy retest zone, offering low-risk entry opportunities. 🧠 Learning Insight Rectangle breakouts are continuation patterns. They occur when price consolidates before resuming the primary trend. Key confirmation = volume + sustained close above resistance. 📊 Fundamental Highlight BLS, a global visa outsourcing & citizen services provider, is scaling operations in new geographies, improving growth visibility and operational leverage. 📌 Save this for Pattern Study Reference 🧠 Learn from Real Charts, Real Markets