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BLUE STAR LTD
Long

Target-912| Flag & Pole | Upward trend line

By amaansiddiqui45
The stock has turned upwards after taking support at the confluence of two moving averages 20-DMA and 50-DMA, indicating bullishness. Further, it is on the verge of a breakout from a trendline resistance formed joining recent highs. Also, it has a neckline of a bullish Head & Shoulders pattern placed at Rs 857. A successful breakout on healthy volumes will resume the uptrend. Technical indicators suggest that the breakout is on cards.
Chart PatternsflagformationTechnical IndicatorstargetpriceTrend Analysis
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