Blue Star
Stop loss 655
Entry 684-703
Target 775-827
Levels marked in chart.
Currently looks high in curve and facing selling pressure.
Entry band to be observe before taking position.
POV-1: If it break the band down then hold and wait for reversal or small qty addition (May be in SIP typically 2-10) till it maintains above 200 EMA on weekly chart, if it...
BlueStarCo tends to follow the trend line so respectfully. Just catch its crawl and there looks like good opportunity to invest. Apart from technicals, company looks fundamentally strong as well!! and that is what makes its technical patterns even more stronger to follow.
A 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.
NSE: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...
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.
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.
Have 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.
