📈 BLUE STAR LTD. – TECHNICAL ANALYSIS
📆 Date: July 1, 2025 | ⏱ Timeframe: Daily Chart
🔍 Educational Breakdown – For Learning & Study Use Only
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🔹 Price Action Zones
• 🔴 Top Range (Resistance): 2417
• 🟢 Bottom Range (Support): 1521
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🔹 Chart Pattern: ✅
Rectangle/Box Consolidation Breakout – Price was range-bound in a tight zone and has given a strong breakout on high volume, indicating bullish intent.
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🔹 Reversal Candlestick Patterns
• Top Range (2417): ⛔ No recent candlestick activity visible at the top range.
• Bottom Range (1521): Todays Candle
✅ Bullish Engulfing + Strong Bullish Candle
✅ RSI Bounce + Volume Spike
✅ Confirmed by Price Action and Momentum Indicators
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📊 Trade Plan (Based on Reason and Logic)
🔼 Bullish Trade Setup:
• Entry: 1715 (Breakout Candle Close)
• Stop Loss: 1614.45 (Below consolidation and bullish candle)
• Target 1: 1850
• Target 2: 1980
• Reason:
o Strong breakout with above-average volume
o Multiple confirmations (RSI, Bollinger Band, Supertrend)
o Box breakout with previous supply cleared
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🔽 Bearish Trade Setup:
• If price fails to sustain above 1715 and closes back below 1680 zone
• Entry: Below 1665 (Fakeout confirmation)
• SL: Above 1715
• Target: 1615 / 1550
• Reason: Potential failed breakout & liquidity trap
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📌 Disclaimer
This analysis is shared for educational and study purposes only. It does not constitute investment advice. The author is not SEBI-registered. Please consult a SEBI-registered advisor before making trading decisions. Always use proper risk management and trade only with confirmation.
________________________________________________________________________________
💬 Comments
What’s your view on Britannia?
Drop your thoughts and chart setups
________________________________________________________________________________
📆 Date: July 1, 2025 | ⏱ Timeframe: Daily Chart
🔍 Educational Breakdown – For Learning & Study Use Only
________________________________________________________________________________
🔹 Price Action Zones
• 🔴 Top Range (Resistance): 2417
• 🟢 Bottom Range (Support): 1521
________________________________________________________________________________
🔹 Chart Pattern: ✅
Rectangle/Box Consolidation Breakout – Price was range-bound in a tight zone and has given a strong breakout on high volume, indicating bullish intent.
________________________________________________________________________________
🔹 Reversal Candlestick Patterns
• Top Range (2417): ⛔ No recent candlestick activity visible at the top range.
• Bottom Range (1521): Todays Candle
✅ Bullish Engulfing + Strong Bullish Candle
✅ RSI Bounce + Volume Spike
✅ Confirmed by Price Action and Momentum Indicators
________________________________________________________________________________
📊 Trade Plan (Based on Reason and Logic)
🔼 Bullish Trade Setup:
• Entry: 1715 (Breakout Candle Close)
• Stop Loss: 1614.45 (Below consolidation and bullish candle)
• Target 1: 1850
• Target 2: 1980
• Reason:
o Strong breakout with above-average volume
o Multiple confirmations (RSI, Bollinger Band, Supertrend)
o Box breakout with previous supply cleared
________________________________________________________________________________
🔽 Bearish Trade Setup:
• If price fails to sustain above 1715 and closes back below 1680 zone
• Entry: Below 1665 (Fakeout confirmation)
• SL: Above 1715
• Target: 1615 / 1550
• Reason: Potential failed breakout & liquidity trap
________________________________________________________________________________
📌 Disclaimer
This analysis is shared for educational and study purposes only. It does not constitute investment advice. The author is not SEBI-registered. Please consult a SEBI-registered advisor before making trading decisions. Always use proper risk management and trade only with confirmation.
________________________________________________________________________________
💬 Comments
What’s your view on Britannia?
Drop your thoughts and chart setups
________________________________________________________________________________
STWP | Mentor & Demand-Supply Specialist |
Empowering traders through structured learning |
simpletradewithpatience.com
wa.me/message/6IOPHGOXMGZ4N1
Educational Only
Empowering traders through structured learning |
simpletradewithpatience.com
wa.me/message/6IOPHGOXMGZ4N1
Educational Only
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
STWP | Mentor & Demand-Supply Specialist |
Empowering traders through structured learning |
simpletradewithpatience.com
wa.me/message/6IOPHGOXMGZ4N1
Educational Only
Empowering traders through structured learning |
simpletradewithpatience.com
wa.me/message/6IOPHGOXMGZ4N1
Educational Only
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.