Long Term Equity Call - BLUESTARCO 23 Sept 2016

LONG TERM EQUITY PICK - BLUE STAR LTD. (BLUESTARCO)

CMP - 538

Last One year Trend

1. Moving Averages (5, 10, 20, 50, 100, 200) - Suggest Buying option not only for short term but for long term as well.
2. RSI (14) - Suggest Buying
3. MACD (26,12) - Suggests buying
4. William %R - Suggests buying
5. Bull/Bear Power (13) - Suggests Buying 
6. Past Trend shows the consistent growth with little corrections in between. Current Support at 480 with Resistance expected to form at  580-590 levels.
7. Positive Social Indications for Buying.
8. PE Ratio of 48.12 as against Industry PE of 27.13 - makes it an expensive stock in comparison to its other peer stocks.

9. 

   Increasing Revenue Year after year
10. Increasing Operating Cash flows - indicate growth.

Overall Strong Technicals and Neutral Financials, suggest to go LONG on BLUESTARCO.

Target 1 - 580---590

Target 2 - 700+

Stop Loss - Below 480.

Keep a watch on your investments since the market is uncertain and highly volatile. The stocks show corrections in Long phases. Patience is key for Long Term investments.

The stock is JUV's Choice for a suitable portfolio and so has been added in JUV Portfolio One

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