BLUEJET // 25-02-2025This share may give 17% Profit. Take position as per your risk reward ratio and that is not recommended, only for educational purposes.
BLUEJET trade ideas
BLUEJET
Price has witnessed a breakout after a consolidation phase since its listing. Current pullback towards breakout level of 430 gives a good risk-reward entry point.
In many such low history charts, a breakout above the listing day high has seen strong rallies. Hence we could also see such a rally to 800 in this stock.
Bullish outlook remains valid as long as price is above 410.
Blue jet Healthcare 1 d Bullish Breakout after long consolidation with resistance
Volume above 20 MA
Increase in volume
RSI > 60
BlueJet Traingle breakoutBook profits within the first 30 minutes of the market opening
- Try to exit by taking 10-12% profit of each trade
- SL can be taken when the 5/15 min candle closes below 44EMA
Now, why do I prefer swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 3-4 days and the rest of the time they either consolidate or fall
CMP- 361
Target Price 401
Note:- I am not SEBI Registered This Trade is only educational Purpose
BLUEJET - Bullish Swing ReversalNSE: BLUEJET is closing with a bullish swing reversal candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 12% to 19% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
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