Bluestar Breakout from IH&S, Target 750, time frame 3 monthsA good Breakout after so many months, surely will hit target of 745-760, overall summer is also approaching, A/C season is starting. Better to Buy Now. stop loss 565.
BLUESTARCO trade ideas
probably one of the classic technical analysis chart? can we see new high?
classic throw back and reversal from very important support level where also lies retracement level.
Buy BLUESTARCO with short term holding target of 900NSE:BLUESTARCO
The stock is seen trading presently in a broad ascending triangle pattern. This is a bullish pattern and especially more potent as it is formed over couple of months. The stock is staring at a breakout from the current formation. Daily MACD has reported a positive crossover. Weekly MACD too has reported a positive crossover. They both are bullish trading above its signal line. RSI has marked a fresh 14-period high which is bullish and is seen breaking out of a formation. The prices have closed above the upper Bollinger band, though pulled back a bit which is normal.. This makes upside breakout more likely.
#BLUESTARCOTGC With strength
Reversal Confirmation
CCI D crosses 100
CCI M >100
Target 875 / 922
SL 717
bluestar looks bullish in medium term.Bluestar is in long term up trend.
In weekly, price crossed the previous swing high and closed above the upper BB. After a squeeze, BB is now starting to expand.
One should ride the trend here and gain the profit from the uptrend. sl should be below the horizontal support - 645.
tgt1 - 810 tgt2- 900.
Blue Star: What Does The Volume Spike Mean?Watching this stock with interest. Volume spike yesterday is interesting while the price action was muted. Stock is at fresh highs. Am watching this stock with interest.
BLUESTARCO- momo setupfirst time breakout failed but again retested this level.
Very good to buy at current level with sl 520
Trail Sl only.
Blue Star Company: Multi-year BreakoutHave a look at the monthly chart. Price has edged above the multi-year broad trading range. A move past previous month high of 584 would be a major sign of strength. Am watching this stock for a potential long entry.
