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.
around is the long term base. and usually international companies are very good to maintain their bases. i have noticed lot of large numbered stocks all do well. also the stock price is kept in 4 digits for a reason..just my thought. long term this is a good bet but will be slow moving
nages.rao2011
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Good stock but business is going down in this industry because now so may players r there let us see.
padiyara
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@Nages.rao2011, You are right. Have you ever thought, how it can affect the stock price? sales can be reduced. Through completion, profit also can be curtailed.
Suppose a company faces tough competition in the market it is not going to ruin, until it affect its sales and proft margin.
Here , in this case, the annual sales in increased to 2681cr from 2554cr & the NPM is maintain an average 7%.
I think there are some technical reason like pattern completion/ retracmnet level/ Accumulation etc;, other than the Managerial/ operational issue.
Am using the available internet data and I cannot see any there through the net. if any one have such kind of valuble information, my humble request to share with me.