Stop Loss: Rs 1,790
Target: Rs 2,050 / Rs 2,100
BLUESTARCO has shown strong momentum over the past few weeks and has broken out of a ‘Cup and Handle’ pattern on the daily chart. The stock has retraced to the neckline of the breakout, which coincides with the 200-day SMA, indicating a likely bounce. Momentum indicators and positive EMA crossovers suggest the stock may sustain its uptrend.
— Osho Krishan, Angel One