BLUESTARCO - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.9
| Stock Code | BLUESTARCO | Market Cap | 33,995 Cr. | Current Price | 1,654 ₹ | High / Low | 2,050 ₹ |
| Stock P/E | 82.4 | Book Value | 149 ₹ | Dividend Yield | 0.54 % | ROCE | 17.3 % |
| ROE | 14.0 % | Face Value | 2.00 ₹ | DMA 50 | 1,738 ₹ | DMA 200 | 1,794 ₹ |
| Chg in FII Hold | -0.86 % | Chg in DII Hold | 1.02 % | PAT Qtr | 151 Cr. | PAT Prev Qtr | 76.4 Cr. |
| RSI | 42.6 | MACD | -33.7 | Volume | 2,37,231 | Avg Vol 1Wk | 2,88,905 |
| Low price | 1,450 ₹ | High price | 2,050 ₹ | PEG Ratio | 4.44 | Debt to equity | 0.30 |
| 52w Index | 34.1 % | Qtr Profit Var | -4.13 % | EPS | 18.7 ₹ | Industry PE | 47.0 |
📈 Chart & Trend Analysis: BLUESTARCO is trading at ₹1,654, below both its 50 DMA (₹1,738) and 200 DMA (₹1,794), indicating short-term weakness. RSI at 42.6 suggests bearish momentum, nearing oversold territory. MACD at -33.7 shows strong negative divergence, confirming downward bias. Bollinger Bands place the price near the lower band, signaling pressure with possible support around recent lows.
📊 Volume Trends: Current volume (2,37,231) is below the 1-week average (2,88,905), reflecting weak participation and lack of breakout conviction.
🔑 Support & Resistance: Strong support lies at ₹1,450 (recent low). Resistance is near ₹1,738 (50 DMA) and ₹1,794 (200 DMA). Optimal entry zone: ₹1,500–₹1,550. Exit/profit booking zone: ₹1,720–₹1,760.
📉 Momentum Signals: RSI and MACD confirm bearish momentum. Short-term signals favor cautious accumulation near support zones, with exits around resistance levels.
📌 Trend Status: The stock is currently consolidating with bearish bias, not reversing upward yet.
Positive ✅
- ROCE (17.3%) and ROE (14.0%) highlight decent capital efficiency.
- EPS of ₹18.7 supports earnings visibility.
- DII holding increased (+1.02%), showing domestic institutional support.
Limitation ⚠️
- Stock trading below both 50 DMA and 200 DMA indicates technical weakness.
- High P/E ratio (82.4) compared to industry average (47.0) suggests overvaluation.
- PEG ratio of 4.44 indicates expensive growth prospects.
Company Negative News ❌
- Decline in FII holding (-0.86%) reflects reduced foreign investor confidence.
- Quarterly profit variance (-4.13%) highlights earnings stagnation.
Company Positive News 🌟
- PAT improved (₹76.4 Cr → ₹151 Cr), showing earnings growth.
- DII holding increased (+1.02%), boosting domestic investor sentiment.
Industry 🏭
- Cooling and engineering sector trades at industry PE of 47.0, making BLUESTARCO relatively expensive compared to peers.
- Sector growth driven by infrastructure demand and consumer appliances expansion.
Conclusion 📌
BLUESTARCO is consolidating with bearish bias, trading below key moving averages and showing weak momentum. Fundamentals show moderate efficiency but valuations are stretched. Optimal strategy: accumulate cautiously near ₹1,500–₹1,550 support zones and consider profit booking near ₹1,720–₹1,760. Trend remains consolidative with downside risk unless volumes improve.
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