The outlook is bullish for Blue Star. The two.4 per cent rise on Tuesday signifies {that a} new leg of upmove has begun. Previous to this rise, the inventory was in a corrective fall for greater than three weeks. The 21-Day Shifting Common (MA) halted that fall by offering help. The bounce from this shifting common help strengthens the bullish case to see extra rise. Helps are at ₹890 and ₹878 – the 21-Day MA.
Blue Star share worth can rise to ₹875-880 over the subsequent two-three weeks. Merchants can go lengthy now. Accumulate on dips at ₹895. Maintain the stop-loss at ₹865. Path the stop-loss as much as ₹920 as quickly because the inventory strikes as much as ₹930. Transfer the stop-loss additional as much as ₹945 when the worth touches ₹960. Exit the lengthy positions at ₹975.
(Be aware: The suggestions are based mostly on technical evaluation. There’s threat of loss in buying and selling.)
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