MTF Stock Pick Buy Blue Star Ltd For Target Rs. 940 - HDFC Securities
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
MTF Stock Pick Buy Blue Star Ltd For Target Rs. 940 - HDFC Securities
TECHNICAL OBSERVATIONS
The attached daily timeframe chart of BLUE STAR, which has moved sideways for few sessions and in today’s session it has given a breakout with higher volumes.
The stock has also breached above downward sloping trend line
We observe a formation of bullish pattern on daily and weekly time frame.
The stock is continuously trading above 21 EMA from 3 sessions.
Momentum oscillators like RSI and MACD are giving bullish indication suggesting bullish movement for the stock for few more weeks.
The overall chart pattern of BLUE STAR indicates long trading opportunity. One may look to create positional long as per the levels mentioned above.
Buy Blue Star Ltd Up to 3 Months @ Add on dips 820 CMP 846.40 TGT 940 SL 816
To Read Complete Report & Disclaimer Click Here
Please refer disclaimer at https://www.hdfcsec.com/article/disclaimer-1795
SEBI Registration number is INZ000171337
Above views are of the author and not of the website kindly read disclaimer
