Blue Dart is Looking for a big upside move. Accumulating since Mid may and probably going to show a rally. Good stock to enter for an investing perspective.
Plan for a Investment amount and divide it into 5 lots of 20% to enter in Bluedart till it holds above 5850. Enter in small intervals to get proper pricing. It is looking Strong Technically and Fundamentally as well.
Another Logic is understand the business module and the demand in current situation. NSE:BLUEDART
Trade active
⋅
Comment
⋅
Was entered with only 20% amount (1 lot out of 5 Lots of 20%) at 6050. After a Quick fall of Profit booking I am entering 3 more lots of 20% each now balance 20% amount (1 lot) will wait for Break above 6000.
Revised Exit point (SL) is at: 5650.
Trade closed: stop reached
⋅
Exited on 5635. Still view in Mid-Long Term is bullish with all logic shared above.
@chiragprajapati1420 1. If you will check the Volume all spikes are coming for a upmove and in downside move volume is dried 2. If it was distribution then it should have move more negative when broader market was negative . This is my view it can be vary if someone looking at this from another angle. Rest we can have a clear idea which stocks are in more demand. Logistics are the one which not affected by pandemic but it was in more demand. Hope it clears.
chiragprajapati1420
⋅
@sanks90 I do believe n I'm looking forward to invest in... 😃
sanks90
⋅
@chiragprajapati1420 Yeah… Enter in parts and always keep pocket size exit plan ready. I am small to give an advice but these are the things which I do follow in investing.
chiragprajapati1420
⋅
@sanks90 Well thanks for the help with idea... as long as I'm new in the market i will buy max 2 shares not more... will see then.