BlueStarCo Soars from 747.95 to 1926: All Targets Reached!BlueStarCo has shown a remarkable bullish run since entering at 747.95 on 6th September 2023. The price has not only reached all take profit targets but also surged far beyond expectations, currently trading at 1926.
Key Levels:
Entry: 747.95 – This marked the point where the bullish momentum took hold.
Stop-Loss (SL): 724.85 – Positioned below the entry to minimize downside risk.
Take Profit 1 (TP1): 776.55 – Reached early in the trade, confirming a strong start.
Take Profit 2 (TP2): 822.80 – Hit as the upward momentum continued.
Take Profit 3 (TP3): 869.10 – Met, indicating strong sustained buying pressure.
Take Profit 4 (TP4): 897.65 – Final target hit, followed by a significant price surge beyond all targets.
Trend Analysis:
The price action has been well-supported by the Risological dotted trendline, confirming a consistent uptrend. The continuous rise from the entry point shows no signs of reversal, with the current price sitting at 1926, nearly doubling the initial entry value. Traders who held on to this trade have seen tremendous returns, and further gains are still possible as the momentum remains strong.
BLUESTARCO
Bluestar can become a star once the winter starts to diminish. 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 Holding decreasing. The company's Positive aspects are Low debt, zero promoter pledge, FIIs are increasing stake, improving annual net profit, and Improving cash from operations.
Entry can be taken after closing above 961. Targets in the stock will be 989 and 1015. The long-term target in the stock will be 1040. Stop loss in the stock should be maintained at Closing below 902.
The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.