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 trend and the sentiment is bullish.
Chart Self Explantory.
Disclaimer : I am not SEBI registered analyst, this is for educational purposes. Please trade as per your risk and do consult with your financial advisor before taking any trading decisions..
If you really like the analysis , please do comments, LIKE and Follow me.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.