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Rakesh Madhav CFA

25th Nov Β· SEBI-Registered Analyst

πŸ“Œ Follow-Up Update: Bliss GVS Pharma – Momentum Re-Ignited

Price: β‚Ή172 View: Bullish follow-up πŸ” What’s happening now?

BLISSGVS
has delivered a strong follow-through move after last week’s breakout recovery. Price reclaimed the β‚Ή170 zone with solid volume support, showing buyers are firmly defending the recent dip. πŸ“ˆ Technical Setup RSI β†’ 61.7, trending upward, indicating renewed strength. RSI SMA β†’ 52.8, bullish crossover. OBV rising sharply β†’ confirms genuine accumulation after panic candle. Structure: Higher-lows intact; stock firing towards the β‚Ή195–₹200 supply zone. Supports: β‚Ή160 β†’ β‚Ή148 Resistance: β‚Ή185 β†’ β‚Ή197 🧩 Fundamentals Strong presence in anti-malarial & women’s health products. Robust export business drives consistent margins. Debt-light balance sheet keeps valuations reasonable. πŸ“Š Analyst View Most analysts maintain a BUY/HOLD, citing steady earnings and improving export order book. πŸ“Œ Conclusion: Momentum has revived. Sustaining above β‚Ή170 keeps the next leg towards β‚Ή190–₹200 alive.

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