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Unite Technologies Financial

15th Aug · SEBI-Registered Analyst

Technical Analysis Bluestone Jewellery

The stock $BLUESTONE is showing a strong bullish trend after forming a base around ₹400–450. The stock has given a sharp breakout from the ₹600–640 zone with very strong volume indicating aggressive buying interest. It has moved rapidly towards ₹900+, but the recent candles show some profit booking and increased volatility near the highs. Support & Resistance immediate support is around ₹820–800 followed by stronger support near ₹760–740. On the upside ₹880–920 is the key resistance zone. A sustained close above ₹920 with strong volume can take the stock towards ₹950–1000. Short-Term Outlook: The structure remains bullish, but the stock is highly extended after the recent rally so chasing at current levels carries risk. Fresh buyers should preferably wait for a pullback towards ₹800–820 or a strong breakout above ₹920. Existing holders can continue to hold with a trailing stop-loss below ₹760. A break below ₹740 would weaken the current bullish setup.

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