Key Events This Week
9 Feb: Stock opens at Rs.1,881.40 and gains 3.03%
10 Feb: Significant open interest surge and technical momentum shift
11 Feb: Golden Cross formation signals potential bullish breakout
13 Feb: Week closes at Rs.1,996.50, up 6.12%
9 February 2026: Strong Weekly Opening with 3.03% Gain
Blue Star Ltd began the week on a positive note, closing at Rs.1,938.45, up Rs.57.05 or 3.03% from the previous Friday’s close of Rs.1,881.40. This gain outpaced the Sensex’s 1.04% rise to 37,113.23, signalling early bullish momentum. The stock’s volume was robust at 377,500 shares, indicating strong investor interest. This initial surge set the tone for the week’s upward trajectory, supported by favourable market conditions in the Electronics & Appliances sector.
10 February 2026: Open Interest Surge and Technical Momentum Shift
On 10 February, Blue Star Ltd experienced a significant 14.72% increase in open interest in its derivatives segment, rising from 15,164 to 17,396 contracts. This surge accompanied a 0.59% price gain to Rs.1,949.95 and a trading volume of 29,442 shares. The derivatives turnover was substantial, with futures and options contracts valued at ₹23,864 lakhs and ₹18,731.9 crores respectively, reflecting heightened market activity and bullish positioning.
Technically, the stock’s momentum shifted from mildly bearish to sideways consolidation. Weekly MACD and Bollinger Bands turned bullish, while monthly indicators remained mildly bearish, suggesting cautious optimism. The stock traded above key moving averages, reinforcing a positive near-term outlook despite some mixed signals. Blue Star outperformed the Sensex’s 0.25% gain, rising 0.59%, and demonstrated resilience amid sector volatility.
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11 February 2026: Golden Cross Formation Signals Bullish Breakout
Blue Star Ltd marked a pivotal technical milestone on 11 February by forming a Golden Cross, where the 50-day moving average crossed above the 200-day moving average. This event is widely regarded as a bullish signal indicating a potential long-term uptrend. The stock closed at Rs.1,962.50, up 0.64%, continuing its steady ascent.
Supporting indicators included bullish daily moving averages and weekly MACD, while monthly MACD remained mildly bearish. Bollinger Bands on weekly and monthly charts were bullish, suggesting expanding upward volatility. The Know Sure Thing (KST) indicator was mildly bullish weekly but bearish monthly, reflecting mixed momentum across timeframes. Dow Theory assessments were mildly bullish, reinforcing the positive trend outlook.
Fundamentally, Blue Star’s Price-to-Earnings ratio stood at 74.74, below the industry average of 84.59, indicating relatively attractive valuation. The company’s Mojo Score improved to 72.0, earning a Buy grade on 10 February, an upgrade from Hold, reflecting enhanced confidence in earnings quality and growth prospects.
12 February 2026: Continued Gains Amid Sensex Decline
On 12 February, Blue Star Ltd extended its gains by 0.62% to close at Rs.1,974.75, despite the Sensex falling 0.56% to 37,049.40. The stock’s volume increased to 62,963 shares, indicating sustained investor interest. This divergence from the broader market underscored Blue Star’s relative strength within the Electronics & Appliances sector.
Technical indicators remained supportive, with the stock trading above key moving averages and maintaining bullish weekly momentum. The consolidation phase appeared to be transitioning into a more definitive uptrend, bolstered by the Golden Cross and positive derivatives market activity.
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13 February 2026: Week Closes Strong at Rs.1,996.50
Blue Star Ltd capped the week with a 1.10% gain to Rs.1,996.50, reaching the week’s high and closing near its intraday peak. This final surge came despite a sharp Sensex decline of 1.40% to 36,532.48, highlighting the stock’s resilience and strong relative performance. Volume was 42,191 shares, reflecting continued investor engagement.
The stock’s weekly gain of 6.12% contrasted with the Sensex’s 0.54% loss, marking a clear outperformance. The technical momentum remains positive, supported by the Golden Cross and bullish weekly indicators, while the upgraded Mojo Score to Buy reinforces the improving fundamental backdrop.
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-02-09 | Rs.1,938.45 | +3.03% | 37,113.23 | +1.04% |
| 2026-02-10 | Rs.1,949.95 | +0.59% | 37,207.34 | +0.25% |
| 2026-02-11 | Rs.1,962.50 | +0.64% | 37,256.72 | +0.13% |
| 2026-02-12 | Rs.1,974.75 | +0.62% | 37,049.40 | -0.56% |
| 2026-02-13 | Rs.1,996.50 | +1.10% | 36,532.48 | -1.40% |
Key Takeaways
Positive Signals: Blue Star Ltd’s 6.12% weekly gain significantly outperformed the Sensex’s 0.54% decline, reflecting strong relative strength. The Golden Cross formation on 11 February is a classic bullish indicator signalling a potential sustained uptrend. The surge in derivatives open interest and volume on 10 February indicates fresh long positions and growing investor confidence. The upgraded Mojo Score to 72.0 and Buy rating further validate improving fundamentals and technical momentum.
Cautionary Notes: Despite short-term bullish signals, some monthly technical indicators remain mildly bearish, suggesting that longer-term momentum is yet to fully confirm the uptrend. The stock’s P/E ratio of 74.74, while below industry average, remains elevated, warranting vigilance on valuation risks. Investors should monitor volume confirmation and price action around key resistance near Rs.1,945 and support levels near Rs.1,875 for signs of trend sustainability.
Conclusion
Blue Star Ltd’s performance this week highlights a significant technical and market shift, with the Golden Cross formation and strong derivatives market activity underpinning a bullish outlook. The stock’s consistent gains amid a weakening Sensex demonstrate its relative strength within the Electronics & Appliances sector. While some mixed monthly indicators counsel caution, the overall trend is positive, supported by an upgraded Mojo Score and improving fundamentals. Market participants should continue to track technical developments and volume trends closely to assess the durability of this momentum as Blue Star Ltd navigates 2026.
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