The Whispering Exit: Smart Money exit BLS

The Setback: Did Smart Money See the BLS International Problem Coming?
The Background: Good Stock, Bad News

The Fundamentals: An Amazing Picture

The date was October 11, 2025, when the market was hit with huge news: the Ministry of External Affairs (MEA), a key government client, had barred BLS International Services from bidding on future contracts.

This is a classic example of the risk in companies whose business relies, directly or indirectly, on the government.This stock was a huge favorite among small investors, with countless articles praising its "non-stop" growth and "amazing fundamentals."

After the news broke, I immediately dove into the chart. My central question was clear: Can we predict a crisis by tracing the flow of "smart money" (big, informed investors)?

I wanted to find out if the technical signs of an exit appeared before the public announcement.

Let's start with the basics. The company's financial documents show a very strong business:

• Last 5 Years: Both topline (revenue) and bottomline (profit) growth have been amazing, supported by attractive margins.

The numbers painted a picture of a healthy, growing company. Now, let's look at the charts to see if the big investors agreed with the numbers.

The Warning Sign: Smart Money's Exit Despite Great Earnings
The Weekly Chart Tells a Different Story

The company posted very good quarterly results (QoQ), showing a strong path for growth. This is the fundamental view.

Now, let's look at the chart to find out if "smart money" (big investors) were secretly selling their shares. This is the technical view.

Look at the weekly chart from January 6th to January 20th, 2025. (arrow marked at price and volume)

• In these three weeks, the stock traded its highest ever volume.

• Crucially, the price formed a top during this same period.

Why is this a major concern?

High volume is the footprint of big players. When the price peaks right when volume explodes, it means the big investors were selling their shares to the excited buyers. They used the good fundamental news as the perfect chance to exit.

This is why, despite the great growth figures, the price fell by 34% immediately after. The smart money has already left the building.

A Closer Look at the Daily Chart: The January 2025 Anomaly
We now transition our focus to the daily chart, specifically examining the trading period in January 2025 that was previously highlighted.

The key date is January 17, 2025, which is clearly marked by an arrow. This particular day was significant for two reasons: the stock traded with an exceptionally high volume Ever (HVE), and the price formed a wide-range green (up) candle.

Typically, when a stock exhibits such high volume alongside a strong closing price, the market expectation is a bullish breakout: the price should continue to rise, driven by what is often called "smart money" buying.

However, we observed the exact opposite outcome. Instead of a breakout, the move appears to have been a classic distribution event. The so-called "smart money" used this strength to sell their holdings to the "dumb money" who were buying into the perceived strength.

The result? The stock failed to sustain the uptrend, immediately forming a top. In the following sessions, the price fell sharply, closing decisively below the close of that high-volume candle. This perfectly illustrates a situation where a massive volume spike signalled a reversal instead of a continuation.

The key takeaway is simple: Volume is the Smart Money's footprint.

Always follow Price Action and Volume together—they tell you the real direction, regardless of the good news.