BlueDart: 4700 res:5300 supp:4525
Blue dart is recovering from the losses, the correction lead the stock to a 50% level. It made a price channel at the bottom. I was bullish first but, When it broke the triple bottom support, I was damn bearish in this stock expecting a 62% correction. You can see the earlier posts.
Now it is poised for a breakout from the flag, coming result must favor a bullish scenario as per the chart. Yes it is preparing for good jump. 5310 is the first resistance.
Once the first resistance is crossed in a swift manner with good volume, it can find new high.
Now it is poised for a breakout from the flag, coming result must favor a bullish scenario as per the chart. Yes it is preparing for good jump. 5310 is the first resistance.
Once the first resistance is crossed in a swift manner with good volume, it can find new high.
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