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Blue Star Limited
Buy, Hold or Sell?

Let's analyze Blue Star Limited together

I guess you are interested in Blue Star Limited. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Blue Star Limited. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

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Quick analysis of Blue Star Limited (30 sec.)










What can you expect buying and holding a share of Blue Star Limited? (30 sec.)

How much money do you get?

How much money do you get?
INR0.27
When do you have the money?
1 year
How often do you get paid?
100.0%

What is your share worth?

Current worth
INR127.06
Expected worth in 1 year
INR359.01
How sure are you?
87.5%

+ What do you gain per year?

Total Gains per Share
INR254.47
Return On Investment
15.1%

For what price can you sell your share?

Current Price per Share
INR1,682.35
Expected price per share
INR1,409 - INR1,842
How sure are you?
50%
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1. Valuation of Blue Star Limited (5 min.)




Live pricePrice per Share (EOD)

INR1,682.35

Intrinsic Value Per Share

INR-268.24 - INR-158.33

Total Value Per Share

INR-141.18 - INR-31.26

2. Growth of Blue Star Limited (5 min.)




Is Blue Star Limited growing?

Current yearPrevious yearGrowGrow %
How rich?$310.9m$158.3m$152.5m49.1%

How much money is Blue Star Limited making?

Current yearPrevious yearGrowGrow %
Making money$49.3m$47.6m$1.7m3.5%
Net Profit Margin4.3%5.0%--

How much money comes from the company's main activities?

3. Financial Health of Blue Star Limited (5 min.)




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What can you expect buying and holding a share of Blue Star Limited? (5 min.)

Welcome investor! Blue Star Limited's management wants to use your money to grow the business. In return you get a share of Blue Star Limited.

What can you expect buying and holding a share of Blue Star Limited?

First you should know what it really means to hold a share of Blue Star Limited. And how you can make/lose money.

Speculation

The Price per Share of Blue Star Limited is INR1,682. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Blue Star Limited.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Blue Star Limited, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is INR127.06. Based on the TTM, the Book Value Change Per Share is INR57.99 per quarter. Based on the YOY, the Book Value Change Per Share is INR16.25 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is INR5.63 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Blue Star Limited.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 INR% of Price per ShareINR% of Price per ShareINR% of Price per ShareINR% of Price per ShareINR% of Price per Share
Usd Eps0.240.0%0.240.0%0.250.0%0.170.0%0.160.0%
Usd Book Value Change Per Share0.690.0%0.690.0%0.190.0%0.090.0%0.190.0%
Usd Dividend Per Share0.070.0%0.070.0%0.060.0%0.090.0%0.090.0%
Usd Total Gains Per Share0.760.0%0.760.0%0.250.0%0.170.0%0.270.0%
Usd Price Per Share11.24-11.24-14.19-11.42-9.39-
Price to Earnings Ratio46.82-46.82-57.36-86.27-61.55-
Price-to-Total Gains Ratio14.85-14.85-56.11-44.09-40.40-
Price to Book Ratio7.44-7.44-17.26-14.35-10.49-
Price-to-Total Gains Ratio14.85-14.85-56.11-44.09-40.40-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share20.019965
Number of shares49
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.070.09
Usd Book Value Change Per Share0.690.09
Usd Total Gains Per Share0.760.17
Gains per Quarter (49 shares)37.108.52
Gains per Year (49 shares)148.3834.06
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
113135138171724
226270286343458
339406434515192
4535415826868126
5666767308585160
679811878102102194
7929471026120119228
810510821174137136262
911812171322154153296
1013113521470171170330

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%8.00.00.0100.0%8.00.00.0100.0%
Book Value Change Per Share1.00.00.0100.0%3.00.00.0100.0%3.02.00.060.0%6.02.00.075.0%6.02.00.075.0%
Dividend per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%8.00.00.0100.0%8.00.00.0100.0%
Total Gains per Share1.00.00.0100.0%3.00.00.0100.0%4.01.00.080.0%7.01.00.087.5%7.01.00.087.5%
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Fundamentals of Blue Star Limited

About Blue Star Limited

  • 2711

Blue Star Limited engages in the central air conditioning and commercial refrigeration business in India and internationally. The company operates through Electro Mechanical Projects and Packaged Air-Conditioning Systems, Unitary Products, and Professional Electronics and Industrial Systems segments. The Electro Mechanical Projects and Packaged Air-Conditioning Systems segment designs, manufactures, installs, commissions, and maintains central air conditioning plants, packaged/ducted systems, and variable refrigerant flow systems; and provides contracting services in electrification, plumbing, and fire-fighting, as well as after-sales services, such as revamp, retrofit, and upgrade services. The Unitary Products segment offers room air conditioners for residential and commercial applications, as well as water purifiers, air coolers, and air purifiers; and manufactures and markets a range of commercial refrigeration products comprising deep freezers, visi coolers, ultra-low temperature freezers, water coolers, bottled water dispensers, cold rooms, bottle coolers, and ice machines, as well as cold chain equipment. The Professional Electronics and Industrial Systems segment engages in the distribution and maintenance of imported professional electronic equipment, and industrial products and systems. Blue Star Limited was founded in 1943 and is headquartered in Mumbai, India.

Fundamental data was last updated by Penke on 2024-07-15 01:09:04.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a profit.
Using its assets, the company is efficient in making profit.
Using its investors money, the company is efficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is inefficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is just able to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is able to pay all its debts by selling its assets.
The company is just able to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is overpriced.
Based on the earnings, the company is overpriced.
Based on how much money comes from the company's main activities, the company is expensive.
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1.1. Profitability of Blue Star Limited.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit¬†Blue Star Limited earns for each ₹1 of revenue.

  • Above 10% is considered healthy but always compare¬†Blue Star Limited to the¬†Machinery, Tools, Heavy Vehicles, Trains & Ships industry mean.
  • A Net Profit Margin of 4.3%¬†means that¬†₹0.04 for each ₹1¬†in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Blue Star Limited:

  • The MRQ is 4.3%. The company is making a profit. +1
  • The TTM is 4.3%. The company is making a profit. +1
Trends
Current periodCompared to+/- 
MRQ4.3%TTM4.3%0.0%
TTM4.3%YOY5.0%-0.7%
TTM4.3%5Y3.4%+0.9%
5Y3.4%10Y3.3%+0.2%
1.1.2. Return on Assets

Shows how efficient Blue Star Limited is using its assets to generate profit.

  • Above 5% is considered healthy¬†but always compare¬†Blue Star Limited to the¬†Machinery, Tools, Heavy Vehicles, Trains & Ships industry mean.
  • 6.3% Return on Assets means that¬†Blue Star Limited generated¬†₹0.06 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Blue Star Limited:

  • The MRQ is 6.3%. Using its assets, the company is efficient in making profit. +1
  • The TTM is 6.3%. Using its assets, the company is efficient in making profit. +1
Trends
Current periodCompared to+/- 
MRQ6.3%TTM6.3%0.0%
TTM6.3%YOY7.4%-1.1%
TTM6.3%5Y4.9%+1.4%
5Y4.9%10Y4.8%+0.1%
1.1.3. Return on Equity

Shows how efficient Blue Star Limited is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare¬†Blue Star Limited to the¬†Machinery, Tools, Heavy Vehicles, Trains & Ships industry mean.
  • 15.9% Return on Equity means Blue Star Limited generated ₹0.16¬†for each¬†₹1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Blue Star Limited:

  • The MRQ is 15.9%. Using its investors money, the company is efficient in making profit. +1
  • The TTM is 15.9%. Using its investors money, the company is efficient in making profit. +1
Trends
Current periodCompared to+/- 
MRQ15.9%TTM15.9%0.0%
TTM15.9%YOY30.1%-14.2%
TTM15.9%5Y18.4%-2.5%
5Y18.4%10Y18.3%+0.1%
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1.2. Operating Efficiency of Blue Star Limited.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Blue Star Limited is operating .

  • Measures how much profit Blue Star Limited makes for each ₹1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare¬†Blue Star Limited to the¬†Machinery, Tools, Heavy Vehicles, Trains & Ships industry mean.
  • An Operating Margin of 0.0%¬†means the company generated ₹0.00 ¬†for each ₹1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Blue Star Limited:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.0%
TTM-YOY-0.0%
TTM-5Y1.2%-1.2%
5Y1.2%10Y2.8%-1.6%
1.2.2. Operating Ratio

Measures how efficient Blue Star Limited is keeping operating costs low.

Let's take a look of the Operating Ratio trends of Blue Star Limited:

  • The MRQ is 1.705. The company is inefficient in keeping operating costs low. -1
  • The TTM is 1.705. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ1.705TTM1.7050.000
TTM1.705YOY1.730-0.026
TTM1.7055Y1.724-0.019
5Y1.72410Y1.609+0.114
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1.3. Liquidity of Blue Star Limited.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Blue Star Limited is able to pay off Short-term Debt.

Let's take a look of the Current Ratio trends of Blue Star Limited:

  • The MRQ is 1.299. The company is just able to pay all its short-term debts.
  • The TTM is 1.299. The company is just able to pay all its short-term debts.
Trends
Current periodCompared to+/- 
MRQ1.299TTM1.2990.000
TTM1.299YOY1.123+0.176
TTM1.2995Y1.180+0.119
5Y1.18010Y1.130+0.051
1.3.2. Quick Ratio

Measures if Blue Star Limited is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but¬†always compare¬†Blue Star Limited to the¬†Machinery, Tools, Heavy Vehicles, Trains & Ships industry mean.
  • A Quick Ratio of 0.58¬†means the company can pay off ₹0.58 for each ₹1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Blue Star Limited:

  • The MRQ is 0.579. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.579. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.579TTM0.5790.000
TTM0.579YOY0.721-0.142
TTM0.5795Y0.733-0.154
5Y0.73310Y0.700+0.033
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1.4. Solvency of Blue Star Limited.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Blue Star Limited assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare¬†Blue Star Limited to Machinery, Tools, Heavy Vehicles, Trains & Ships industry mean.
  • A Debt to Asset Ratio of 0.61¬†means that Blue Star Limited assets are¬†financed with 60.5% credit (debt) and the remaining percentage (100% - 60.5%)¬†is financed by its owners/shareholders.¬†

Let's take a look of the Debt to Asset Ratio trends of Blue Star Limited:

  • The MRQ is 0.605. The company is able to pay all its debts by selling its assets. +1
  • The TTM is 0.605. The company is able to pay all its debts by selling its assets. +1
Trends
Current periodCompared to+/- 
MRQ0.605TTM0.6050.000
TTM0.605YOY0.754-0.148
TTM0.6055Y0.729-0.124
5Y0.72910Y0.734-0.005
1.4.2. Debt to Equity Ratio

Measures if Blue Star Limited is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but¬†always compare¬†Blue Star Limited to the¬†Machinery, Tools, Heavy Vehicles, Trains & Ships industry mean.
  • A Debt to Equity ratio of 153.5% means that company has ₹1.53 debt for each ₹1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Blue Star Limited:

  • The MRQ is 1.535. The company is just able to pay all its debts with equity.
  • The TTM is 1.535. The company is just able to pay all its debts with equity.
Trends
Current periodCompared to+/- 
MRQ1.535TTM1.5350.000
TTM1.535YOY3.057-1.523
TTM1.5355Y2.847-1.313
5Y2.84710Y2.851-0.004
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2. Market Valuation of Blue Star Limited

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures¬†how much money you pay¬†for each share for¬†every ₹1 in earnings Blue Star Limited generates.

  • Above 15 is considered overpriced but¬†always compare¬†Blue Star Limited to the¬†Machinery, Tools, Heavy Vehicles, Trains & Ships industry mean.
  • A PE ratio of 46.82 means the investor is paying ₹46.82¬†for every ₹1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Blue Star Limited:

  • The EOD is 83.363. Based on the earnings, the company is expensive. -2
  • The MRQ is 46.821. Based on the earnings, the company is overpriced. -1
  • The TTM is 46.821. Based on the earnings, the company is overpriced. -1
Trends
Current periodCompared to+/- 
EOD83.363MRQ46.821+36.542
MRQ46.821TTM46.8210.000
TTM46.821YOY57.364-10.542
TTM46.8215Y86.270-39.448
5Y86.27010Y61.553+24.717
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Blue Star Limited:

  • The EOD is -227.966. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is -128.038. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The TTM is -128.038. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-227.966MRQ-128.038-99.928
MRQ-128.038TTM-128.0380.000
TTM-128.038YOY-203.326+75.288
TTM-128.0385Y-82.055-45.983
5Y-82.05510Y-43.050-39.005
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2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Blue Star Limited is to cheap or to expensive compared to its book value.

Let's take a look of the Price to Book Ratio trends of Blue Star Limited:

  • The EOD is 13.240. Based on the equity, the company is expensive. -2
  • The MRQ is 7.436. Based on the equity, the company is overpriced. -1
  • The TTM is 7.436. Based on the equity, the company is overpriced. -1
Trends
Current periodCompared to+/- 
EOD13.240MRQ7.436+5.804
MRQ7.436TTM7.4360.000
TTM7.436YOY17.264-9.827
TTM7.4365Y14.346-6.910
5Y14.34610Y10.492+3.854
2. Total Gains per Share
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3. Summary

3.1. Key Performance Indicators

The key performance indicators of Blue Star Limited compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share--57.98557.9850%16.253+257%7.283+696%15.883+265%
Book Value Per Share--127.064127.0640%69.079+84%75.231+69%69.844+82%
Current Ratio--1.2991.2990%1.123+16%1.180+10%1.130+15%
Debt To Asset Ratio--0.6050.6050%0.754-20%0.729-17%0.734-18%
Debt To Equity Ratio--1.5351.5350%3.057-50%2.847-46%2.851-46%
Dividend Per Share--5.6325.6320%5.003+13%7.321-23%7.222-22%
Eps--20.18120.1810%20.789-3%13.952+45%13.040+55%
Free Cash Flow Per Share---7.380-7.3800%-5.865-21%6.726-210%5.973-224%
Free Cash Flow To Equity Per Share---7.380-7.3800%-10.593+44%0.691-1168%-2.132-71%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max---158.326--------
Intrinsic Value_10Y_min---268.245--------
Intrinsic Value_1Y_max--1.859--------
Intrinsic Value_1Y_min---11.831--------
Intrinsic Value_3Y_max---7.922--------
Intrinsic Value_3Y_min---48.793--------
Intrinsic Value_5Y_max---33.988--------
Intrinsic Value_5Y_min---99.987--------
Market Cap--194285413181.200194285413181.2000%229718259039.000-15%171007444490.320+14%115367792479.022+68%
Net Profit Margin--0.0430.0430%0.050-15%0.034+25%0.033+31%
Operating Margin----0%-0%0.012-100%0.028-100%
Operating Ratio--1.7051.7050%1.730-1%1.724-1%1.609+6%
Pb Ratio13.240+44%7.4367.4360%17.264-57%14.346-48%10.492-29%
Pe Ratio83.363+44%46.82146.8210%57.364-18%86.270-46%61.553-24%
Price Per Share1682.350+44%944.900944.9000%1192.550-21%959.300-2%788.783+20%
Price To Free Cash Flow Ratio-227.966-78%-128.038-128.0380%-203.326+59%-82.055-36%-43.050-66%
Price To Total Gains Ratio26.445+44%14.85314.8530%56.105-74%44.087-66%40.396-63%
Quick Ratio--0.5790.5790%0.721-20%0.733-21%0.700-17%
Return On Assets--0.0630.0630%0.074-15%0.049+28%0.048+30%
Return On Equity--0.1590.1590%0.301-47%0.184-14%0.183-13%
Total Gains Per Share--63.61863.6180%21.256+199%14.605+336%23.105+175%
Usd Book Value--310902970.000310902970.0000%158347350.000+96%157756158.000+97%128014379.578+143%
Usd Book Value Change Per Share--0.6900.6900%0.193+257%0.087+696%0.189+265%
Usd Book Value Per Share--1.5121.5120%0.822+84%0.895+69%0.831+82%
Usd Dividend Per Share--0.0670.0670%0.060+13%0.087-23%0.086-22%
Usd Eps--0.2400.2400%0.247-3%0.166+45%0.155+55%
Usd Free Cash Flow---18057060.000-18057060.0000%-13444620.000-26%6350078.000-384%8243871.767-319%
Usd Free Cash Flow Per Share---0.088-0.0880%-0.070-21%0.080-210%0.071-224%
Usd Free Cash Flow To Equity Per Share---0.088-0.0880%-0.126+44%0.008-1168%-0.025-71%
Usd Market Cap--2311996416.8562311996416.8560%2733647282.564-15%2034988589.435+14%1372876730.500+68%
Usd Price Per Share20.020+44%11.24411.2440%14.191-21%11.416-2%9.387+20%
Usd Profit--49379050.00049379050.0000%47654740.000+4%29195936.000+69%23648801.244+109%
Usd Revenue--1152557840.0001152557840.0000%949301080.000+21%793302552.000+45%680540920.733+69%
Usd Total Gains Per Share--0.7570.7570%0.253+199%0.174+336%0.275+175%
 EOD+3 -3MRQTTM+0 -0YOY+20 -145Y+23 -1210Y+22 -13

3.2. Fundamental Score

Let's check the fundamental score of Blue Star Limited based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1583.363
Price to Book Ratio (EOD)Between0-113.240
Net Profit Margin (MRQ)Greater than00.043
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than10.579
Current Ratio (MRQ)Greater than11.299
Debt to Asset Ratio (MRQ)Less than10.605
Debt to Equity Ratio (MRQ)Less than11.535
Return on Equity (MRQ)Greater than0.150.159
Return on Assets (MRQ)Greater than0.050.063
Total5/10 (50.0%)

3.3. Technical Score

Let's check the technical score of Blue Star Limited based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5051.687
Ma 20Greater thanMa 501,676.128
Ma 50Greater thanMa 1001,617.181
Ma 100Greater thanMa 2001,483.073
OpenGreater thanClose1,639.000
Total4/5 (80.0%)



Reversals in quarterly reports

I have detected a reversal (positive to negative, negative to positive) in the following values of the quarterly reports.

 2019-12-312020-12-312021-12-312022-12-312023-12-31
Minority Interest  -4,5001,400-3,100200-2,900600-2,3008,7006,400



Latest Balance Sheet

Balance Sheet of 2023-12-31. Currency in INR. All numbers in thousands.

Summary
Total Assets66,182,500
Total Liabilities40,056,200
Total Stockholder Equity26,100,800
 As reported
Total Liabilities 40,056,200
Total Stockholder Equity+ 26,100,800
Total Assets = 66,182,500

Assets

Total Assets66,182,500
Total Current Assets50,400,300
Long-term Assets15,782,200
Total Current Assets
Cash And Cash Equivalents 3,736,400
Short-term Investments 2,927,000
Net Receivables 19,525,600
Inventory 14,071,800
Other Current Assets 10,113,300
Total Current Assets  (as reported)50,400,300
Total Current Assets  (calculated)50,374,100
+/- 26,200
Long-term Assets
Property Plant Equipment 11,696,600
Intangible Assets 1,122,200
Long-term Assets Other 1,114,200
Long-term Assets  (as reported)15,782,200
Long-term Assets  (calculated)13,933,000
+/- 1,849,200

Liabilities & Shareholders' Equity

Total Current Liabilities38,796,100
Long-term Liabilities1,260,100
Total Stockholder Equity26,100,800
Total Current Liabilities
Short Long Term Debt 1,666,200
Accounts payable 26,166,000
Other Current Liabilities 8,814,400
Total Current Liabilities  (as reported)38,796,100
Total Current Liabilities  (calculated)36,646,600
+/- 2,149,500
Long-term Liabilities
Capital Lease Obligations Min Short Term Debt763,100
Long-term Liabilities Other 409,100
Long-term Liabilities  (as reported)1,260,100
Long-term Liabilities  (calculated)1,172,200
+/- 87,900
Total Stockholder Equity
Total Stockholder Equity (as reported)26,100,800
Total Stockholder Equity (calculated)0
+/- 26,100,800
Other
Capital Stock411,200
Common Stock Shares Outstanding 205,615
Net Invested Capital 27,767,000
Net Working Capital 11,604,200
Property Plant and Equipment Gross 11,696,600



Balance Sheet

Currency in INR. All numbers in thousands.

 Trend2023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-31
> Total Assets 
25,247,132
26,495,877
32,362,200
33,509,600
34,392,600
35,494,500
43,126,400
53,990,600
66,182,500
66,182,50053,990,60043,126,40035,494,50034,392,60033,509,60032,362,20026,495,87725,247,132
   > Total Current Assets 
18,884,097
20,214,489
25,785,100
26,605,800
26,512,100
28,595,500
34,834,300
42,506,100
50,400,300
50,400,30042,506,10034,834,30028,595,50026,512,10026,605,80025,785,10020,214,48918,884,097
       Cash And Cash Equivalents 
68,467
47,624
781,900
284,900
1,729,700
971,000
1,546,600
1,449,400
3,736,400
3,736,4001,449,4001,546,600971,0001,729,700284,900781,90047,62468,467
       Short-term Investments 
0
2,470,549
121,300
0
0
5,098,900
2,560,200
2,282,700
2,927,000
2,927,0002,282,7002,560,2005,098,90000121,3002,470,5490
       Net Receivables 
9,994,934
11,736,019
12,400,800
14,487,300
12,194,600
11,420,900
16,338,400
21,251,800
19,525,600
19,525,60021,251,80016,338,40011,420,90012,194,60014,487,30012,400,80011,736,0199,994,934
       Inventory 
5,640,195
6,446,127
10,894,400
9,164,500
9,209,300
9,181,100
11,885,100
14,977,800
14,071,800
14,071,80014,977,80011,885,1009,181,1009,209,3009,164,50010,894,4006,446,1275,640,195
       Other Current Assets 
1,032,423
828,902
1,400,700
1,696,300
1,668,600
1,348,400
2,042,700
1,883,300
10,113,300
10,113,3001,883,3002,042,7001,348,4001,668,6001,696,3001,400,700828,9021,032,423
   > Long-term Assets 
0
6,281,388
6,503,300
6,903,800
7,880,500
6,899,000
8,292,100
11,484,500
15,782,200
15,782,20011,484,5008,292,1006,899,0007,880,5006,903,8006,503,3006,281,3880
       Property Plant Equipment 
2,271,516
2,655,555
2,923,800
3,122,300
3,860,400
3,874,100
5,251,500
8,505,400
11,696,600
11,696,6008,505,4005,251,5003,874,1003,860,4003,122,3002,923,8002,655,5552,271,516
       Intangible Assets 
486,503
558,136
631,000
607,700
624,000
557,300
488,700
813,500
1,122,200
1,122,200813,500488,700557,300624,000607,700631,000558,136486,503
       Long-term Assets Other 
0
297,478
327,900
556,200
0
567,800
1,036,300
864,000
1,114,200
1,114,200864,0001,036,300567,8000556,200327,900297,4780
> Total Liabilities 
18,942,908
18,924,503
24,434,900
24,779,000
26,568,900
26,642,700
32,950,600
40,684,100
40,056,200
40,056,20040,684,10032,950,60026,642,70026,568,90024,779,00024,434,90018,924,50318,942,908
   > Total Current Liabilities 
18,603,405
18,563,802
23,972,600
24,489,100
25,456,900
22,614,500
29,692,000
37,837,500
38,796,100
38,796,10037,837,50029,692,00022,614,50025,456,90024,489,10023,972,60018,563,80218,603,405
       Short-term Debt 
3,446,188
1,959,210
3,440,200
3,358,900
4,012,300
1,023,400
587,700
2,096,400
0
02,096,400587,7001,023,4004,012,3003,358,9003,440,2001,959,2103,446,188
       Short Long Term Debt 
0
2,009,210
3,504,800
3,389,100
4,126,700
1,023,400
2,362,600
4,159,000
1,666,200
1,666,2004,159,0002,362,6001,023,4004,126,7003,389,1003,504,8002,009,2100
       Accounts payable 
0
11,755,564
15,473,700
15,346,200
15,823,600
16,048,900
20,416,700
25,111,600
26,166,000
26,166,00025,111,60020,416,70016,048,90015,823,60015,346,20015,473,70011,755,5640
       Other Current Liabilities 
0
84,512
250,900
175,500
23,600
4,420,200
64,600
7,058,200
8,814,400
8,814,4007,058,20064,6004,420,20023,600175,500250,90084,5120
   > Long-term Liabilities 
0
348,494
454,600
271,600
1,088,900
4,001,400
3,229,000
2,814,700
1,260,100
1,260,1002,814,7003,229,0004,001,4001,088,900271,600454,600348,4940
       Long term Debt Total 
182,960
202,001
259,000
86,500
862,500
3,804,900
2,934,800
2,251,500
0
02,251,5002,934,8003,804,900862,50086,500259,000202,001182,960
> Total Stockholder Equity
6,304,224
7,571,374
7,927,300
8,730,600
7,823,700
8,851,800
10,175,800
13,306,500
26,100,800
26,100,80013,306,50010,175,8008,851,8007,823,7008,730,6007,927,3007,571,3746,304,224
   Common Stock
179,902
191,141
192,000
192,600
192,600
192,600
192,600
192,600
0
0192,600192,600192,600192,600192,600192,000191,141179,902
   Retained Earnings 
4,398,533
5,625,160
5,755,300
6,427,200
5,475,600
6,519,900
7,906,200
10,947,700
0
010,947,7007,906,2006,519,9005,475,6006,427,2005,755,3005,625,1604,398,533
   Capital Surplus 
1,731,090
1,804,566
1,972,600
2,101,500
2,101,500
2,101,500
2,101,500
2,101,500
0
02,101,5002,101,5002,101,5002,101,5002,101,5001,972,6001,804,5661,731,090
   Treasury Stock000000000
   Other Stockholders Equity 
-5,301
-49,493
7,400
9,300
54,000
37,800
-24,500
64,700
0
064,700-24,50037,80054,0009,3007,400-49,493-5,301



Balance Sheet

Currency in INR. All numbers in thousands.




Cash Flow

Currency in INR. All numbers in thousands.




Income Statement

Currency in INR. All numbers in thousands.


Latest Income Statement (annual, 2023-12-31)

Gross Profit (+$)
totalRevenue96,853,600
Cost of Revenue-73,921,700
Gross Profit22,931,90022,931,900
 
Operating Income (+$)
Gross Profit22,931,900
Operating Expense-91,181,300
Operating Income5,672,300-68,249,400
 
Operating Expense (+$)
Research Development0
Selling General Administrative0
Selling And Marketing Expenses0
Operating Expense91,181,3000
 
Net Interest Income (+$)
Interest Income0
Interest Expense-580,800
Other Finance Cost-0
Net Interest Income-580,800
 
Pretax Income (+$)
Operating Income5,672,300
Net Interest Income-580,800
Other Non-Operating Income Expenses0
Income Before Tax (EBT)5,571,8005,672,300
EBIT - interestExpense = -580,800
4,149,500
4,730,300
Interest Expense580,800
Earnings Before Interest and Taxes (EBIT)06,152,600
Earnings Before Interest and Taxes (EBITDA)0
 
After tax Income (+$)
Income Before Tax5,571,800
Tax Provision-1,428,500
Net Income From Continuing Ops4,143,3004,143,300
Net Income4,149,500
Net Income Applicable To Common Shares0
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses0
Total Other Income/Expenses Net0580,800
 

Technical Analysis of Blue Star Limited
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Blue Star Limited. The general trend of Blue Star Limited is BULLISH with 85.7% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Blue Star Limited's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (85.7%) Bearish trend (-85.7%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of Blue Star Limited.

The long score for the Support & Resistance is 1/1.
The longshort score for the Support & Resistance is 1/(-1 +1).

  • Around support: The price is currently trading around a support level. This can be considered as a potential entry level. +1

The bullish price targets are: 1,842.

The bearish price targets are: 1,600 > 1,476 > 1,409.

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Blue Star Limited Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging¬†trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Blue Star Limited. The current mas is .

The long score for the Moving Averages is 13/14.
The longshort score for the Moving Averages is 12/(-14 +14).

  • MA 20 trending down: The MA 20 is trending down. -1
  • Close > MA 20: The price is above the MA 20. +1
  • MA 20 > MA 50: The MA 20 is higher than the MA 50. +1
  • MA 20 > MA 100: The MA 20 is higher than the MA 100. +1
  • MA 20 > MA 200: The MA 20 is higher than the MA 200. +1
  • MA 50 trending up: The MA 50 is trending up. +1
  • Close > MA 50: The price is above the MA 50. +1
  • MA 50 > MA 100: The MA 50 is higher than the MA 100. +1
  • MA 50 > MA 200: The MA 50 is higher than the MA 200. +1
  • MA 100 trending up: The MA 100 is trending up. +1
  • Close > MA 100: The price is above the MA 100. +1
  • MA 100 > MA 200: The MA 100 is higher than the MA 200. +1
  • MA 200 trending up: The MA 200 is trending up. +1
  • Close > MA 200: The price is above the MA 200. +1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Blue Star Limited Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a¬†lagging momentum¬†indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Blue Star Limited. The current macd is 17.61.

The long score for the Moving Average Convergence/Divergence (MACD) is 1/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is -2/(-4 +4).

  • MACD line < signal line: The MACD line is below the signal line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Blue Star Limited price going down in the near term. -2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Blue Star Limited. This means that the short-term moving average is higher than the long-term moving average, signaling positive momentum and suggesting a higher likelihood of the Blue Star Limited price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +1
  • Trending down: The MACD line is trending down. This indicates that the short-term moving average is falling faster than the long-term moving average, suggesting negative momentum in the market. This signals that sellers are becoming more active and insecure, leading to potential price decreases as traders anticipate further losses and are willing to sell at lower prices. -1
Blue Star Limited Daily Moving Average Convergence/Divergence (MACD) ChartBlue Star Limited Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of Blue Star Limited. The current adx is 34.08.

The long score for the Directional Movement Index (DMI) is 3/7.
The longshort score for the Directional Movement Index (DMI) is 3/(-7 +7).

  • PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy Blue Star Limited shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX > 25 && ADX trending down: The ADX is above 25 and indicates a strong bullish trend. The ADX is declining, the bullish trend is weakening. Could be a potential reversal to the downside. +2
Blue Star Limited Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows¬†the current trend.
  • Shows¬†potential entry signals.
  • Shows¬†¬†potential exit signals.
  • Can be used to place¬†trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Blue Star Limited. The current sar is 1,888.

The long score for the Parabolic SAR is 0/1.
The longshort score for the Parabolic SAR is -1/(-1 +1).

  • Close < SAR: The price is below the SAR. It's generally considered a bearish signal. -1
Blue Star Limited Daily Parabolic SAR Chart
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3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum¬†indicator, meaning the signals are instant.
  • Ranges¬†between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Blue Star Limited. The current rsi is 51.69. The current phase is Continuation in bull market.

The long score for the Relative Strength Index (RSI) is 4/13.
The longshort score for the Relative Strength Index (RSI) is 4/(-13 +13).

  • Continuation in bull market: Uptrend continues after a consolidation or pullback. Hold or add to existing positions.
  • Trending up: The RSI is trending up. +1
Blue Star Limited Daily Relative Strength Index (RSI) ChartBlue Star Limited Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading¬†momentum¬†indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges¬†between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Blue Star Limited. The current phase is Correction in bull market.

The long score for the Stochastic Oscillator is 3/6.
The longshort score for the Stochastic Oscillator is 2/(-6 +6).

  • STOCH < 50: The STOCH %K is below 50. There are more sellers than buyers. -1
  • STOCH %K line > STOCH %D line: The STOCH %K line is above the STOCH %D line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Blue Star Limited price going up in the near term. +2
  • Trending up: The STOCH %K is trending up. +1
Blue Star Limited Daily Stochastic Oscillator ChartBlue Star Limited Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero,¬†the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Blue Star Limited. The current cci is -52.00709607.

Blue Star Limited Daily Commodity Channel Index (CCI) ChartBlue Star Limited Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Blue Star Limited. The current cmo is 0.73987152.

The long score for the Chande Momentum Oscillator (CMO) is 1/1.
The longshort score for the Chande Momentum Oscillator (CMO) is 1/(-1 +1).

  • CMO > 0: The CMO is above 0, the momentum of the price is positive, indicating a potential uptrend in the price. +1
Blue Star Limited Daily Chande Momentum Oscillator (CMO) ChartBlue Star Limited Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and¬†-100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of Blue Star Limited. The current willr is -63.86554622.

The long score for the Williams %R is 0/1.
The longshort score for the Williams %R is 0/(-1 +1).

  • WILLR between -80 and -20: The Williams %R is between -80 and -20. This indicates that Blue Star Limited is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.
Blue Star Limited Daily Williams %R ChartBlue Star Limited Daily Williams %R Chart
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4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold¬†

Score

Let's take a look at the Bollinger Bands of Blue Star Limited.

Blue Star Limited Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Blue Star Limited. The current atr is 87.65.

Blue Star Limited Daily Average True Range (ATR) ChartBlue Star Limited Daily Average True Range (ATR) Chart
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5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Blue Star Limited. The current obv is 1,718,110.

Blue Star Limited Daily On-Balance Volume (OBV) ChartBlue Star Limited Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Blue Star Limited. The current mfi is 57.22.

The long score for the Money Flow Index (MFI) is 1/2.
The longshort score for the Money Flow Index (MFI) is 1/(-2 +2).

  • MFI > 50: +1
Blue Star Limited Daily Money Flow Index (MFI) ChartBlue Star Limited Daily Money Flow Index (MFI) Chart
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6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Blue Star Limited.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2024-02-23STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-26RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-27STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-28WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-02-29MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-01STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-03-04MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-03-05STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-03-06SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-03-07STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-11SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-03-12STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-13SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-15STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-19STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-20DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-03-22STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-26CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-27DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2024-03-28STOCH LONG EXITThe %K line crosses below the %D line.
2024-04-02STOCH SHORT EXITThe %K line crosses above the %D line.
2024-04-03MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-04-04STOCH LONG EXITThe %K line crosses below the %D line.
2024-04-05STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-04-08STOCH LONG EXITThe %K line crosses below the %D line.
2024-04-10STOCH SHORT EXITThe %K line crosses above the %D line.
2024-04-12RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2024-04-16STOCH SHORT EXITThe %K line crosses above the %D line.
2024-04-22CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-04-24STOCH LONG EXITThe %K line crosses below the %D line.
2024-04-25STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-04-26STOCH LONG EXITThe %K line crosses below the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-04-29STOCH SHORT EXITThe %K line crosses above the %D line.
2024-05-02RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2024-05-03MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-05-08SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-05-09CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-05-10STOCH SHORT EXITThe %K line crosses above the %D line.
2024-05-14SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-05-15CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-05-16MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-05-17STOCH SHORT EXITThe %K line crosses above the %D line.
2024-05-22RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2024-05-24MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-05-28STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-05-30SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH LONG EXITThe %K line crosses below the %D line.
2024-05-31SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-06-03MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-06-04STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-06-06MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-06-07STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-06-11MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-06-12WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-06-14STOCH LONG EXITThe %K line crosses below the %D line.
2024-06-19RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2024-06-24STOCH SHORT EXITThe %K line crosses above the %D line.
2024-06-25MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
2024-06-26SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-06-27CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-07-02WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-07-05SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-07-08STOCH LONG EXITThe %K line crosses below the %D line.
2024-07-09MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-07-10RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-07-15MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-07-16MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-07-18MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
2024-07-19SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-07-23STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside

6.3. Candlestick Patterns

Blue Star Limited Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Blue Star Limited based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5051.687
Ma 20Greater thanMa 501,676.128
Ma 50Greater thanMa 1001,617.181
Ma 100Greater thanMa 2001,483.073
OpenGreater thanClose1,639.000
Total4/5 (80.0%)
Penke

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