BLUESTARCO - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

Technical Rating: 3.5

Here’s a sharp technical breakdown of BLUESTARCO ❄️📊

📉 Trend Assessment

Current Price (₹1,745) is at par with 50 DMA (₹1,746) but below 200 DMA (₹1,781) ➤ neutral-to-weak trend

Down ~28% from its 52-week high (₹2,420) ➤ prolonged correction

Price finding support near its recent low of ₹1,521 ➤ possible base forming

📈 Indicator Rundown

RSI (47.6)

Neutral zone ➤ neither oversold nor overbought

Potential bounce if it pushes above 50

MACD (14.8)

Still positive ➤ signs of residual bullish momentum

However, flattening trend shows weakening strength

Volume

Daily volume (1.13L) well below 1-week average (3.82L) ➤ reduced trader interest or wait-and-watch phase

Bollinger Bands

Price near lower band ➤ suggests volatility compression, may precede breakout

⚡ Short-Term Momentum Signals

Weak participation at current price ➤ lack of conviction

Positive MACD could revive short-term upside if supported by volume

Divergence between falling price and rising EPS ➤ potential for revaluation if sentiment shifts

📌 Entry & Exit Zones

Action Price Range (₹) Insight

Entry (Support Play) ₹1,540 - ₹1,600 Near major support and historical base

Entry (Momentum Play) ₹1,800+ Above 200 DMA with uptick in RSI and volume

Exit (Short-Term) ₹1,880 - ₹1,950 Near previous resistance zones

Exit (Full Rally) ₹2,100+ Long-term resistance, conditional on macro & demand recovery

🧩 Fundamental & Market Overlay

P/E (61.3) > Industry PE (53.3) ➤ premium valuation

PEG (1.18) ➤ growth-adjusted valuation still reasonable

Debt-to-Equity (0.12) ➤ low leverage = balance sheet strength

PAT Growth (+21.2%) ➤ improving earnings trajectory despite correction

🧭 Summary

Trend: Consolidating at support

Momentum: Neutral with soft bullish undertone

Pattern: Sideways consolidation with potential breakout setup

Technical Rating: 3.5

Shall we map out a potential portfolio setup around this or compare it with Voltas or Whirlpool for sector dynamics? Let’s keep it breezy but data-driven. 🌬️📈

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