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Price and trend forecast of BLUESTARCO for Tomorrow, Weekly, Monthly

Blue Star Limited

Symbol: NSE:BLUESTARCO

ISIN: INE472A01039

1,393.90

As on 2024-04-16

701.70 (52W Low) 1,560.00 (52W High)

BLUESTARCO's Today's Performance

Blue Star Limited started the day by opening at 1,367.40 today 2024-04-16. Its shares reached a high of 1,407.30 and dipped to a low of 1,359.45 in intraday. When the markets closed, BLUESTARCO’s stock price settled at ₹1,393.90 per share. Also check out its key support and resistance levels.

BLUESTARCO Buy/Sell Targets

Tomorrow, buy BLUESTARCO when its price reaches ₹ 1,393.90 with a stop-loss order at ₹ 1,369.27. You can set the target price as ₹ 1,418.53 to capture potential gains. This buy position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.

In the sections below, we will discuss detailed share price target of BLUESTARCO for tomorrow's session along with weekly support and resistance. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Resistance for BLUESTARCO

Resistance Levels Value in ₹
Tomorrow Resistance 1 1,414
Tomorrow Resistance 2 1,435
Tomorrow Resistance 3 1,462

Important Supports for BLUESTARCO

Support Levels Value in ₹
Tomorrow Support 1 1,366
Tomorrow Support 2 1,339
Tomorrow Support 3 1,319
Based on where the stock opens tomorrow, if BLUESTARCO opens on a positive note, our first target will be ₹1,414. If Target 1 is achieved, we will aim for Target 2 which is ₹1,435.

But if BLUESTARCO falls below the average value of ₹1,386.88, you can enter a sell side position with target number 1 - ₹1,366 and second target - ₹1,339 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.

Daily Volume chart of BLUESTARCO

Looking at BLUESTARCO, we've seen a Decreasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.

In terms of its price, BLUESTARCO has been on a Upward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for BLUESTARCO is moderate bullish.

Tomorrow's Volume based share price Forecast for BLUESTARCO

BLUESTARCO's Volume is currently in a Decreasing trend, and Price is in a Upward direction. Therefore, we can say the stock is in a moderate bullish trend. Volume trend strength over the last month compared to the last week is 19%.

Reversal detection for BLUESTARCO

Predicted trend chart of BLUESTARCO tomorrow for price forecast
BLUESTARCO may reverse its trend from upside (Short term bearish outlook) and we can get target of ₹1365 in morning tomorrow
Target 1 tomorrow1405
Target 2 tomorrow1416
Target 3 tomorrow1435
 

Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.

Combine this trend forecast with BLUESTARCO's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.

Based on where the stock opens tomorrow, if BLUESTARCO opens on a positive note, our first target will be ₹1,414.32. If Target 1 is achieved, we will aim for Target 2 which is ₹1,434.73.

But if BLUESTARCO falls below the average value of ₹1,386.88, you can enter a sell side position with target number 1 - ₹1,366.47 and second target - ₹1,339.03

BLUESTARCO's Weekly Targets
1st Up Target 1,418.78
2nd Up Target 1,443.67
1st Down Target 1,357.53
2nd Down Target 1,321.17

As the week for BLUESTARCO ended on bullish sentiments, we can expect further continuation of this sentiment. BLUESTARCO's initial target will be 1,418.78 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 1,357.53 in the upcoming week.

Weekly OHLC Values
Open 1,373.90
High 1,407.30
Low 1,346.05
Close 1,393.90

Week for BLUESTARCO started with an open price of 1,373.90, and the close was at 1,393.90. BLUESTARCO reached the highest of 1,407.30 and dipped lowest up to 1,346.05 last week. This indicates a bullish sentiment for the week.

BLUESTARCO full month swing targets
Monthly Up Target 1 1,480.03
Monthly Up Target 2 1,504.92
Monthly Down Target 1 1,296.28
Monthly Down Target 2 1,198.67

Targets of ₹1,480.03 can be expected to be reached in the coming month. Once BLUESTARCO achieved this target, we can aim for the next upside target of ₹1,504.92.

BLUESTARCO if fails to hold upside, down targets of ₹1,296.28 and ₹1,198.67 can be achieved by end of this month.

For complete three weeks if BLUESTARCO is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.

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Summary

BLUESTARCO is expected to reach the target of 1,414.32 in tomorrow's trading session.

After achieving the initial target in BLUESTARCO, we will aim for higher targets of 1,434.73 tomorrow.

However, if BLUESTARCO starts to trade below ₹1,386.88, then we will shift our focus to the sell side and aim for down targets of 1,366.47 and 1,339.03.