Bluestar, another star waiting to explode above 1085

Weekly chart of Bluestar shows promise, I have been tracking this stock for last 1 year now. From 8th Nov 2021 price resistance of Rs 1085 been multiple times tested, 2 consecutive daily closing above this level can bring fresh momentum. If you are a breakout trader (keeping yesterday correction in Nifty), enter only with 50-60% of plan qty and pyramid more once it sustains above 1085 for a week or so. Pull back traders can add 30-40% qty at 1008 and more near support area. Weekly resistance has just crossed 57, daily RSI still not in overbought zone, make this an interesting stock to watch out for.

Trade active:

9% move already achieved

Trade closed manually:

Trailing Sl hit at 1155