After a year long consolidation Blue Dart is ready for a ride. The stock has started making higher lows and about to start making higher highs!
Blue Dart is soon reaching for its resistance of 7535 and it will breakout from there. But before the breakout it should retrace to its previous breakout level of 7080.
Keep an eye on the stock for its breakout at 7535. A retest to 7080 will see more accumulation in market and give opportunity to those who believe in going for value with a risk.
CMP 7384
Retest/retrace level: 7080
Breakout level: 7535
target: 9000 (20% from 7500)
Blue Dart is soon reaching for its resistance of 7535 and it will breakout from there. But before the breakout it should retrace to its previous breakout level of 7080.
Keep an eye on the stock for its breakout at 7535. A retest to 7080 will see more accumulation in market and give opportunity to those who believe in going for value with a risk.
CMP 7384
Retest/retrace level: 7080
Breakout level: 7535
target: 9000 (20% from 7500)
Trade closed: stop reached:
Stock did not carry another breakout and is going back to retest the previous breakout of 7080.
Exit the position for now and find opportuning to enter near 7080-7100.
Trade Closed
Exit the position for now and find opportuning to enter near 7080-7100.
Trade Closed