NSE: BLUESTARCO | Timeframe: Daily
🔥 Key Observation:
BlueStar is painting a textbook Rounding Bottom reversal pattern – a bullish signal indicating exhaustion of sellers and accumulation by smart money. Current price (1624.50) is coiling near the make-or-break resistance at 1656. A breakout here could ignite a massive rally!
🎯 Trade Plan: Precision Execution
⏱️ TRIGGER:
BUY ONLY ON CONFIRMED BREAKOUT ABOVE 1656
Must see: Strong green candle + Volume > 20% above average
NO BREAKOUT = NO TRADE. Period.
🧯 STOP LOSS (SL):
1521 (swing low below pattern – technical invalidation)
Risk: Just 8.1% from 1656 entry.
🎯 TARGETS:
TP1: 1744 (minor resistance – book 50% here)
TP2: 2100 (measured move target – 27%+ from breakout)
Reward/Risk: 8.4x (Rare asymmetry!)
📊 Why This Works:
Rounding Bottom: Classic reversal pattern after a downtrend – signals long-term trend shift.
Volume Confirmation: Breakout with rising volume = institutional participation.
SL Placement: Below the pattern’s trough (1521) invalidates the setup.
Target Rationale: 2100 aligns with the historical liquidity zone.
🚨 Critical Risk Controls
❗ NO BREAKOUT = NO TRADE.
❗ If breakout lacks volume, REJECT the trade.
❗ Partial exit at 1744: Trail SL to 1650 (breakeven) for remainder.
💡 Trader Psychology Edge
FOMO KILLS: Chasing before 1656 risks getting trapped in fakeouts.
Patience = Profit: Wait for the market’s confirmation – this is where pros separate from amateurs.
Trade Like a Sniper: One clean shot at 1656+volume, or walk away.
Disclaimer: This is not financial advice. Always do your own research. Charts are for educational purposes.
🔥 Key Observation:
BlueStar is painting a textbook Rounding Bottom reversal pattern – a bullish signal indicating exhaustion of sellers and accumulation by smart money. Current price (1624.50) is coiling near the make-or-break resistance at 1656. A breakout here could ignite a massive rally!
🎯 Trade Plan: Precision Execution
⏱️ TRIGGER:
BUY ONLY ON CONFIRMED BREAKOUT ABOVE 1656
Must see: Strong green candle + Volume > 20% above average
NO BREAKOUT = NO TRADE. Period.
🧯 STOP LOSS (SL):
1521 (swing low below pattern – technical invalidation)
Risk: Just 8.1% from 1656 entry.
🎯 TARGETS:
TP1: 1744 (minor resistance – book 50% here)
TP2: 2100 (measured move target – 27%+ from breakout)
Reward/Risk: 8.4x (Rare asymmetry!)
📊 Why This Works:
Rounding Bottom: Classic reversal pattern after a downtrend – signals long-term trend shift.
Volume Confirmation: Breakout with rising volume = institutional participation.
SL Placement: Below the pattern’s trough (1521) invalidates the setup.
Target Rationale: 2100 aligns with the historical liquidity zone.
🚨 Critical Risk Controls
❗ NO BREAKOUT = NO TRADE.
❗ If breakout lacks volume, REJECT the trade.
❗ Partial exit at 1744: Trail SL to 1650 (breakeven) for remainder.
💡 Trader Psychology Edge
FOMO KILLS: Chasing before 1656 risks getting trapped in fakeouts.
Patience = Profit: Wait for the market’s confirmation – this is where pros separate from amateurs.
Trade Like a Sniper: One clean shot at 1656+volume, or walk away.
Disclaimer: This is not financial advice. Always do your own research. Charts are for educational purposes.
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.