Bluestone Jewellery & Lifestyle Ltd. | Weekly Analysis
📈 Strong Weekly Breakout Confirmed
Bluestone has finally broken out above the long-term resistance zone near ₹795, supported by a massive bullish candle and exceptional volume, indicating strong institutional buying.
After several months of consolidation, the stock has resumed its primary uptrend and is now entering a fresh momentum phase.
🔹 Key Levels
Current Price: ₹826.75
Breakout Zone: ₹795
Support: ₹780–795
Target Zone: ₹1,150–1,180
Invalidation: Weekly close below ₹780
📌 Trading View
Momentum traders may look for continuation above the breakout.
Conservative traders can wait for a pullback and successful retest of ₹795 before considering fresh entries.
Avoid chasing after an extended weekly move; risk management remains essential.
The trend remains bullish as long as the breakout level holds.
⚠️ Disclaimer: This post is for educational purposes only and should not be considered investment advice. Please do your own research before investing.
📈 Strong Weekly Breakout Confirmed
Bluestone has finally broken out above the long-term resistance zone near ₹795, supported by a massive bullish candle and exceptional volume, indicating strong institutional buying.
After several months of consolidation, the stock has resumed its primary uptrend and is now entering a fresh momentum phase.
🔹 Key Levels
Current Price: ₹826.75
Breakout Zone: ₹795
Support: ₹780–795
Target Zone: ₹1,150–1,180
Invalidation: Weekly close below ₹780
📌 Trading View
Momentum traders may look for continuation above the breakout.
Conservative traders can wait for a pullback and successful retest of ₹795 before considering fresh entries.
Avoid chasing after an extended weekly move; risk management remains essential.
The trend remains bullish as long as the breakout level holds.
⚠️ Disclaimer: This post is for educational purposes only and should not be considered investment advice. Please do your own research before investing.
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.
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.