BLUESTARCO - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.8
| Stock Code | BLUESTARCO | Market Cap | 37,312 Cr. | Current Price | 1,816 ₹ | High / Low | 2,270 ₹ |
| Stock P/E | 90.5 | Book Value | 139 ₹ | Dividend Yield | 0.49 % | ROCE | 22.8 % |
| ROE | 18.2 % | Face Value | 2.00 ₹ | DMA 50 | 1,874 ₹ | DMA 200 | 1,839 ₹ |
| Chg in FII Hold | -1.39 % | Chg in DII Hold | 1.44 % | PAT Qtr | 76.4 Cr. | PAT Prev Qtr | 69.9 Cr. |
| RSI | 42.0 | MACD | -14.4 | Volume | 3,41,237 | Avg Vol 1Wk | 6,05,065 |
| Low price | 1,521 ₹ | High price | 2,270 ₹ | PEG Ratio | 1.59 | Debt to equity | 0.41 |
| 52w Index | 39.4 % | Qtr Profit Var | -21.1 % | EPS | 18.4 ₹ | Industry PE | 43.3 |
📊 Chart & Trend Analysis: BLUESTARCO is trading at ₹1,816, below its 50 DMA (₹1,874) and 200 DMA (₹1,839), indicating short-term weakness. RSI at 42.0 suggests mildly oversold conditions, while MACD at -14.4 confirms bearish bias. Bollinger Bands show price near the lower band, pointing to consolidation with downside risk.
📈 Momentum Signals: Volume (3.41L) is lower than 1-week average (6.05L), reflecting reduced participation. RSI and MACD together highlight bearish momentum, though oversold levels may trigger a short-term bounce.
💹 Entry Zone: Strong support lies around ₹1,750–₹1,780. Accumulation near this zone offers risk-managed entry.
💰 Exit Zone: Resistance levels are ₹1,874 (50 DMA) and ₹1,839–₹1,900 (200 DMA cluster). A breakout above ₹1,900 would confirm reversal and open upside toward ₹2,050–₹2,270.
🔎 Trend Status: The stock is consolidating with bearish bias. Sustained move above ₹1,874–₹1,900 backed by volume is required to regain bullish momentum.
Positive
- Strong ROCE (22.8%) and ROE (18.2%) highlight efficient capital use.
- EPS at ₹18.4 provides earnings strength.
- DII holding increased (+1.44%), reflecting strong domestic institutional support.
- Quarterly PAT growth (₹76.4 Cr vs ₹69.9 Cr) shows improving profitability sequentially.
Limitation
- Stock trading below both 50 DMA and 200 DMA indicates weak technicals.
- High P/E (90.5) compared to industry average (43.3), making valuation expensive.
- Debt-to-equity ratio of 0.41 shows moderate leverage.
Company Negative News
- FII holding decreased (-1.39%), showing reduced foreign investor confidence.
- Quarterly profit variation (-21.1%) highlights earnings volatility.
Company Positive News
- DII holding increased significantly (+1.44%), showing strong domestic confidence.
- EPS remains healthy at ₹18.4 despite profit variation.
Industry
- Consumer durables and cooling solutions sector benefits from rising demand in residential and commercial spaces.
- Industry P/E at 43.3 indicates BLUESTARCO trades at a premium (P/E 90.5).
Conclusion
⚖️ BLUESTARCO is fundamentally strong with robust ROCE/ROE and improving profitability, but technically weak in the short term. Entry near ₹1,750–₹1,780 offers favorable risk-reward, while breakout above ₹1,900 is needed for bullish confirmation. Long-term investors may accumulate cautiously, while traders should wait for volume-backed reversal signals.
Would you like me to extend this into a peer benchmarking overlay with Voltas, Havells, and Whirlpool so you can compare BLUESTARCO’s momentum against the broader consumer durables sector rotation?