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.
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.