BLUESTARCO trade ideas
BLUESTARCO is ready to breakout. 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.
Gearing Up
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 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.
blue starThe 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 subsidy received for one of the company’s manufacturing plants.Finance cost for the quarter decreased to ₹11.6 crore from ₹14.9 crore in Q3 FY21 due to reduction
in gross borrowings and lower cost of funds.
Earnings per share (EPS) was ₹4.94 v/s ₹3.82 in Q3 FY21.
The carried forward order book as on 31st December, 2021, grew by 4.5% to ₹3,301.3 crore compared
to ₹3,157.9 crore as on 31st December, 2020.
The net borrowing increased to ₹165.1 crore as against ₹131 crore as on 31st December, 2020, on
account of planned advancement in inventory levels to meet the demand for the upcoming season
and investments in the expansion projects at Sri City and Wada.
Blue Star Resistance Breakout ; LongRSI : Weekly and Daily Above 60 ; Suggesting Momentum to the upside.
Relative Outperformance to Broader Market (CNX 500)
Stop Loss Trigger: 850
Trail With SuperTrend on Daily or 4hour as per risk Tolerance.
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Risk Disclosure
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If the market moves against you, you may sustain a total loss greater than the amount you deposited into your account. You are responsible for all the risks and financial resources you use and for the chosen trading system. You should not engage in trading unless you fully understand the nature of the transactions you are entering into and the extent of your exposure to loss. If you do not fully understand these risks you must seek independent advice from your financial advisor.
All trading strategies are used at your own risk.
Bluestar Breakout BluestarCO broke out of its descending triangle last week. Now the previous resistance has become the support. Entry at 848, The target for the stock can be 937 with a stop loss of 810. High volume can be noted at the break out day. Weekly MACD starting the upside momentum
TimeFrame : Daily
Triangle breakout
RRR - 1:2
blue starBlue Star offers one of India’s widest range of air conditioning and commercial refrigeration products, as well as a comprehensive range of air purifiers, water purifiers, air coolers, cold storages and specialty products. The diverse air conditioning product range serves both commercial and residential segments, and includes a solution for every need. Blue Star serves homes through precision inverter, split and window ACs. Commercial complexes and condominiums are served through a wide range of state-of-the-art VRFs and ducted systems. Showrooms, offices and ATMs use the Company’s commercial solutions including a range of standard split ACs as well as mega split, cassette, and verticool ACs. Blue Star’s chillers adorn landmark buildings and mega structures such as airports, malls, hospitals and industrial establishments.
Products
Room Air Conditioners
Water Purifiers
Air Purifiers
Air Coolers
Cassette Air Conditioners
Mega Split Air Conditioners
Verticool Air Conditioners
Water Coolers
Central Air Conditioning
Commercial Refrigeration
Cold Storages
Speciality Products