BLUESTARCO - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 4.1

Here’s a detailed technical analysis of BLUESTARCO (Blue Star Ltd)

📊 Trend Overview

Current Status: Trending upward

Price Action: Trading above both 50-DMA and 200-DMA, confirming bullish momentum.

52-week Index: 49.0% — moderate performance, mid-range between yearly high and low.

📈 Moving Averages

DMA 50: ₹1,850

DMA 200: ₹1,806

Current Price: ₹1,961

✅ Price is above both moving averages, reinforcing a bullish trend. These levels now act as support.

📉 Momentum Indicators

RSI (14-day): 64.2 — Bullish zone, approaching overbought territory. Indicates strength but may signal short-term pause.

MACD: +26.1 — Bullish crossover, confirming upward momentum.

Volume: 3.97 lakh vs 1-week avg of 3.07 lakh — Above average, suggesting strong participation and accumulation.

📊 Bollinger Bands

Price is near the upper band, indicating bullish momentum but also potential short-term volatility or a pullback.

🔍 Support & Resistance Zones

Level Price (₹) Commentary

Support 1 1,850 50-DMA, immediate support

Support 2 1,800 200-DMA, stronger support

Resistance 1 2,000 Minor resistance zone

Resistance 2 2,150 Previous swing high

Resistance 3 2,420 52-week high, major breakout level

🎯 Entry & Exit Zones

Optimal Entry: ₹1,850–₹1,900 range on pullback with volume confirmation.

Exit Zone: ₹2,050–₹2,150 for short-term traders; ₹2,400+ for medium-term breakout players.

⚠️ Short-Term Signals

MACD bullish, RSI strong, and volume surge suggest continued momentum.

RSI nearing 70 may lead to short-term consolidation before resuming trend.

Decline in quarterly profit (-25.7%) warrants caution, but technicals remain supportive.

🧭 Summary

Trend: Bullish with breakout potential

Momentum: Strong; MACD and price action support upside

Technical Rating: 4.1 — Constructive setup with short-term caution due to RSI

Would you like a comparison with peers like Voltas or Johnson Controls-Hitachi to assess sector rotation?

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