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BLUESTARCO - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.3
| Stock Code | BLUESTARCO | Market Cap | 37,874 Cr. | Current Price | 1,842 ₹ | High / Low | 2,270 ₹ |
| Stock P/E | 91.9 | Book Value | 139 ₹ | Dividend Yield | 0.50 % | ROCE | 22.8 % |
| ROE | 18.2 % | Face Value | 2.00 ₹ | DMA 50 | 1,781 ₹ | DMA 200 | 1,809 ₹ |
| Chg in FII Hold | -1.39 % | Chg in DII Hold | 1.44 % | PAT Qtr | 76.4 Cr. | PAT Prev Qtr | 69.9 Cr. |
| RSI | 54.1 | MACD | -9.50 | Volume | 2,18,826 | Avg Vol 1Wk | 6,76,893 |
| Low price | 1,521 ₹ | High price | 2,270 ₹ | PEG Ratio | 1.61 | Debt to equity | 0.41 |
| 52w Index | 42.9 % | Qtr Profit Var | -21.1 % | EPS | 18.4 ₹ | Industry PE | 48.4 |
📈 Technical Analysis
- Chart Patterns: Stock has corrected from highs (2,270 ₹) and is trading at 1,842 ₹, showing consolidation near support zones.
- Moving Averages: Current price is above 50 DMA (1,781 ₹) and 200 DMA (1,809 ₹), indicating medium-term bullish bias despite short-term weakness.
- RSI: At 54.1, stock is neutral, suggesting balanced momentum.
- MACD: Negative (-9.50), showing mild bearish divergence despite overall stability.
- Bollinger Bands: Price near mid-band, indicating sideways consolidation.
- Volume Trends: Current volume (2,18,826) is lower than average weekly volume (6,76,893), showing reduced participation and cautious sentiment.
🎯 Momentum & Trade Zones
- Short-term Momentum: Neutral to mildly bearish, consolidation signals dominate.
- Support Levels: 1,800 ₹ (near-term), 1,781 ₹ (50 DMA), 1,521 ₹ (major support).
- Resistance Levels: 1,900 ₹ (near-term), 2,000 ₹ (strong resistance), 2,270 ₹ (recent high).
- Optimal Entry: 1,800–1,850 ₹ range on dips.
- Optimal Exit: 1,900–2,000 ₹ unless breakout above 2,270 ₹ is confirmed.
📊 Trend Status
Stock is consolidating near support levels, with neutral RSI and bearish MACD suggesting sideways movement before a potential breakout.
✅ Positive
- Strong ROCE (22.8%) and ROE (18.2%).
- DII holding increased (+1.44%), showing domestic institutional confidence.
- Sequential PAT growth (76.4 Cr. vs 69.9 Cr.) shows earnings strength.
- EPS at 18.4 ₹ supports valuation strength.
⚠️ Limitation
- High valuation with P/E of 91.9 vs industry average of 48.4.
- PEG ratio of 1.61 indicates expensive valuation relative to growth.
- Quarterly profit variation (-21.1%) shows earnings volatility.
📉 Company Negative News
- FII holding decreased (-1.39%), showing reduced foreign investor confidence.
- Stock trading below recent highs, showing technical weakness.
📈 Company Positive News
- DII holding increased (+1.44%), reflecting domestic investor support.
- Strong ROCE and ROE highlight efficient capital utilization.
🏭 Industry
- Consumer durables sector trading at industry P/E of 48.4, lower than Blue Star’s valuation.
- Sector supported by rising demand for cooling and air-conditioning solutions.
🔎 Conclusion
Blue Star is technically consolidating with neutral RSI but bearish MACD. Traders may consider entry around 1,800–1,850 ₹ with exit near 1,900–2,000 ₹. Long-term investors should wait for breakout above 2,270 ₹ for bullish confirmation, given premium valuation and earnings volatility.