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Technicals for Blue Star Limited
By MusingTheNews
2026-02-02 20:27
Overall Technical outlook
Price Summary
Blue Star Limited had a robust day at the stock market, and its shares climbed 2.58%. On 2026-02-02, Blue Star Limited's stock opened at 1792.0, peaked at 1848.9, hit a low of 1765.9, and closed 2.58% higher at 1838.2, with 433709 shares changing hands. In the 52-week period, the stock's peak price is 2210.9, and the lowest price recorded is 1532.3. 23 analysts suggest that BLUESTARCO's future price will lie between 1241.0 and 2260.0, with an average expected price of roughly 1868.3043.
Technicals
Support and Resistance: With the current price at 1838.2, support is found at 1827.5 and resistance at 1887.0. These levels indicate where buyers might step in at 1827.5, while sellers could limit gains at 1887.0, defining a trading boundary for Blue Star Limited. Support/Resistance for BLUESTARCO
Aroon: The AROON indicator suggests a robust bullish trend, with the Aroon Up rising and the Aroon Oscillator reversing. This indicates a potential upward trend reversal, signaling that market sentiment is becoming more positive. Investors may anticipate continued upward movement, as the AROON's signals point to a shift in market dynamics favoring a bullish outlook. Aroon chart for Blue Star Limited
Bol. Bands: The BOLL BANDS is in a neutral stance, not pointing to a clear trend in either direction. This suggests that the market may be lacking strong momentum, making it difficult to predict the next move. Bolinger Bands chart for Blue Star Limited
Parabolic SAR: The PSAR maintains its bullish stance, setting a significant support level that could help maintain the market's upward movement. This strong support suggests that the market is poised to continue its positive trend, providing confidence in the ongoing bullish momentum. Parabolic Stop and Reverse chart for Blue Star Limited
Stochastic: The STOCHASTIC is showing a neutral reading, with no clear direction indicated for upward or downward movement. This neutral position suggests a possible period of consolidation. Stochastic chart for Blue Star Limited
Tripple Moving Agerage: The Tripple MOVING AVG is in a neutral stance for BLUESTARCO, not indicating a clear upward or downward trend. This suggests a period of market indecision, where neither bulls nor bears have the upper hand. Tripple SMA chart for Blue Star Limited
The technical analysis of a company's stock performance is valuable, but only when considered in conjunction with the company's fundamentals. These fundamentals, including financial strength, earnings growth, and leadership, provide a foundation for understanding market movements. Additionally, industry trends and competitive pressures play an important role. By integrating both fundamental and technical analysis, one can better evaluate the company's true potential and make more informed investment decisions.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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