📈 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
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
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
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.