📊 Blue Star Ltd – Bullish Reversal After Support Bounce
The stock is showing signs of strength after taking support near key demand zones, with buyers stepping in and triggering a sharp recovery move.
🔎 Technical Observations:
• Healthy correction followed by strong rebound
• Formation of bullish reversal candles near support
• Price reclaiming short-term resistance levels
• Strong support holding around recent swing lows
• Momentum indicators showing gradual improvement
🔑 Key Levels to Watch:
• Immediate Support: ₹1,580 – ₹1,520
• Major Support: ₹1,460 – ₹1,400
• Immediate Resistance: ₹1,700 – ₹1,765
🚀 Upside Targets:
• ₹1,765
• ₹1,850
• ₹1,950+
📉 Risk Scenario:
Breakdown below ₹1,520 may weaken the bullish setup and trigger further downside pressure.
📈 Trading View:
👉 Stock is showing a strong recovery from support levels
👉 Sustained move above ₹1,700 can open the door for a fresh bullish rally
⚠️ For educational purposes only. Not a buy/sell recommendation.
— AALGO BREATHS 📊