BLUESTARCO trade ideas
Swing trade: watch for trendline breakoutBluestarco making a falling wedge breakout
buy around 850 when it breaks upper TL
Target 885, 950 , 975
keep stoploss below 820
symmetrical triangle pattern formation. stock is at resistance zone of upper trendline of symmetrical triangle pattern. If it breaks with good volume then its a good buy. Rsi is also above 60 and Macd has also given a crossover in previous trading sessions. I am Novice trader, any suggestions are welcome.
Long Term - Blue StarBuying Range1 - Trend line from 2005
Buying Range2 - Black Support line
Buying Range3 - 450 WMA High
Buying Range4 - 450 WMA Low
Bluestar Ltd - 27.08.2021Bluestar Ltd - 27.08.2021
The stock has been a strong performer in the past 6-8 months
The strong resistance zone is 835 & the strong support zone is 790 (which is breached this week= week low @ 764
there is a MACD Bullish Divergence (Weekly), Stochastic Bullish Divergence (Weekly), prices are below ema at the moment
Let the prices go above 805
one can initiate a buy position above 805
support & target price will be defined once the prices are above 805
Once resistance, now becomes support !The stock had faced resistance at around 826, multiple times. And once after breaching, now the same is acting as support. Also 887 level is also near resistance for the stock. Now, one can consider long position with SL 826 and below on weekly CB and targets as mentioned on chart, with nearly 1:3 RR.
bluestar - longsview is long, with key levels marked in the chart, there is visible c&h pattern on daily
BLUESTARCO - PREPARING TO GO HIGH1) After breaking out from 840 level the stock had retested this level and consolidating in the range of 840 to 870
2) Price continuously rejected at 840 level & moving high
3) Refer charts for level
Long BluestarBluestar
Cmp - 813
Stop - 690 on DCB
Expectation -
T1 - 1100
T2 - Open, Review at 1100
Expected Holding Period - 240 trading days or earlier for T1
View:- Swing/Positional
Disclaimer:-
Ideas being shared only for educational purpose
Please do your own research or consult your financial advisor before investing
Blue Star trendline/ Ascending Triangle breakout & retestBlue Star trendline/ Ascending Triangle breakout.
Target: 975
Buy BLUE STARAccording to chart anylasis it make "w" this type of formation and closed with very bullish candel with increasing volume. We can suggest for buying upside 4% to 5% above.
Buy above 870.
Target : 900, 910, 920++
Blue Star Ltd-Breakout doneBuy around 810-825, keeping SL 780 on closing basis
Targets- 860, 880, 900, 920, 950
Bluestar Ltd - 16.06.2021Bluestar Ltd - 16.06.2021
The stock has made an intraday low @ 808.10
the stock have a strong support @ 808
there is a macd bullish divergence in hourly chart
let the prices go above 822, thereafter one can initiate a long position with sl 802
watch out for the price action
BLUESTAR CO - VCP Accumulating for Buyon the verge of breakout
Risk to reward looks great
820 can act as an SL
