BLUEJET - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.7
| Stock Code | BLUEJET | Market Cap | 7,711 Cr. | Current Price | 445 ₹ | High / Low | 1,028 ₹ |
| Stock P/E | 26.3 | Book Value | 72.4 ₹ | Dividend Yield | 0.27 % | ROCE | 39.8 % |
| ROE | 30.2 % | Face Value | 2.00 ₹ | DMA 50 | 407 ₹ | DMA 200 | 522 ₹ |
| Chg in FII Hold | -0.25 % | Chg in DII Hold | -0.14 % | PAT Qtr | 40.2 Cr. | PAT Prev Qtr | 52.1 Cr. |
| RSI | 66.1 | MACD | 17.2 | Volume | 3,15,903 | Avg Vol 1Wk | 7,06,742 |
| Low price | 325 ₹ | High price | 1,028 ₹ | PEG Ratio | 1.45 | Debt to equity | 0.02 |
| 52w Index | 17.0 % | Qtr Profit Var | -59.4 % | EPS | 16.9 ₹ | Industry PE | 30.1 |
📈 Chart & Trend Analysis:
- Current price ₹445 is above 50 DMA (₹407) but below 200 DMA (₹522), showing short-term strength but medium-term weakness.
- RSI at 66.1 indicates the stock is nearing overbought territory, limiting upside potential.
- MACD at 17.2 remains positive, supporting bullish bias.
- Bollinger Bands suggest consolidation between ₹430–460, with resistance overhead.
- Volume (3,15,903) is significantly below 1-week average (7,06,742), showing weak participation.
🎯 Entry Zone: ₹430–440 (support near 50 DMA)
🎯 Exit Zone: ₹470–480 (resistance near 200 DMA and trendline supply)
📊 Status: Consolidating with mild bullish bias; reversal risk if RSI crosses 70 without volume support.
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Positive
✔ Strong ROCE (39.8%) and ROE (30.2%) highlight excellent capital efficiency
✔ EPS of ₹16.9 supports valuation strength
✔ PEG ratio (1.45) indicates reasonable growth valuation
✔ Very low debt-to-equity (0.02) ensures financial resilience
Limitation
⚠ Price below 200 DMA (₹522) signals medium-term weakness
⚠ RSI near 66 suggests limited upside before overbought zone
⚠ Volume below average reduces conviction in breakout potential
⚠ Quarterly PAT decline (₹52.1 Cr → ₹40.2 Cr) raises caution
Company Negative News
📉 FII holdings reduced (-0.25%), showing foreign investor caution
📉 DII holdings reduced (-0.14%), reflecting domestic caution
📉 Quarterly profit variation (-59.4%) highlights earnings pressure
Company Positive News
📈 Strong ROCE and ROE metrics support operational efficiency
📈 EPS and PEG ratio (1.45) indicate reasonable growth valuation
Industry
🏭 Aviation sector benefits from rising passenger demand but faces volatility in fuel costs
🏭 Industry PE (30.1) slightly higher than BLUEJET’s P/E (26.3), suggesting relative undervaluation
Conclusion
BLUEJET shows strong fundamentals but weak technical momentum. Entry near ₹430–440 offers a fair risk-reward setup, with exits around ₹470–480. Traders should maintain strict stop-loss discipline near ₹420 and monitor RSI for overheating. Long-term investors may accumulate gradually given strong efficiency metrics but should be cautious of earnings volatility and reduced institutional confidence.
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