Stop loss – 1,856
Target: 2,031
BLUESTARCO has witnessed a decisive breakout from a rounding bottom formation on the daily timeframe, ending the session with a bullish candlestick supported by volumes above the 20-day average, signaling heightened buying interest. The stock continues to trade well above its 20, 50, 100, and 200-day EMAs, reaffirming the strength of the ongoing uptrend. The RSI, currently at 66.89 and trending higher, further highlights strong bullish momentum and the potential for continued upside in the near term.
(Kunal Kamble, Sr. Technical Research Analyst at Bonanza)
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
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