Keeping it simple as always:
🎯 Strong financial indicators 💪🏻
🎯 Growth rates ⬆️
🎯 ROE & ROCE ⬆️
🎯 Green Quarter ⬆️
🎯 Huge Volume Spurt on both Breakout and Retest ⬆️
🎯 Increasing spreads between 50, 100, and 200 EMA ⬆️
🎯 A resistance is holding it back⬇️
🎯 1000 level will be a crucial level ❗
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Blue star on chart followed a pattern of breakout and re-testing its previous resistance zone .
It has completed its resistance and moved back to the breakout zone.
CMP 1022
above the level of 1022 it can give a targets of 1090/1154
Blue Star Ltd. It offers India's widest range of air conditioning and commercial refrigeration products and a comprehensive range of air purifiers, air coolers, water purifiers, cold chain equipment and speciality products. Blue Star Ltd CMP is 952.60.
The Negative aspects of the company are High Valuation (P.E. = 41.9), MFs are decreasing stake, and Promoter...
The stocks seems like coming out of a short term consolidation. Although the breakout candle represented some sort of selling pressure. I would need the price to move in my favor before I add some more positions. Overall bias remains bullish.
1. Blue star formed the flag pattern and ready to breakout.
2. In this sector Voltas, HAVELLS, POLYCAB, WHIRLPOOLS started performing Good.
3. Festive season may capture some revenues addition along with its peers.
4. reality sector boom also may capture some revenue.
1. Blue star formed the flag pattern and ready to breakout.
2. In this sector Voltas, HAVELLS, POLYCAB, WHIRLPOOLS started performing Good.
3. Festive season may capture some revenues addition along with its peers.
Good Day,
Hello Traders,
Since Sept 2021 till April 2022 Blue Star stayed in an Upward
Parallel Channel. After that the price wne t from 1211 to 856 (-28.64%).
See how beautifully it is following Fibonacci Levels as the rounding bottom is completed
Now the next targets lined up are 1381/ 1641.
Time Frame: Weekly
It also depends how market behaves, however...
The stock has broken out and retested, therefore may undergo a reversal rally. Trade is supported by Supports Nearby.
Risk Reward Ratio - 2:1
SL is placed below the support zone & the lower trendline. The target is placed near resistance.
Buy Blue star at current price of rs.1065 sl 990 on closing basis target is 1266 , 1500 . risk to reward ratio is very good . i expect good return . please keep stop loss
The operating profit (excluding other income & finance income) for the quarter was ₹90.6 crore as
compared to ₹81.6 crore in Q3 FY21. Impact of increase in commodity prices, raw materials and ocean
freight, led to a lower EBITDA margin in Q3 FY22.
Other income (including finance income) for Q3 FY22 was ₹13.4 crore as compared to ₹8.1 crore in
Q3 FY21, due to...
Very strong stock.
Month, week, day chart technical indicators bullish.
Entry - wait Range break out
This stock 8s near 52 week high(1091.15) level
Higher probability of upside movement.
1043, 1052, 1066 registens levels
