The stock has corrected deeply; we should accumulate between 4200-4250 stop for this view 4150 Trgt 4400
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One can even buy at cmp 4260
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4300 Bluedart
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4328 Can book here partial
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4349 was days high
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One can place to book partial order at 4360
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Comments
padiyara
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I have a contrarian view, posted earlier.
The reason behind the analysis is that,
MACD is in bearish zone below the Zero line, RSI having a strong resistance at 50.
I am afraid the stock can correct further down.
padiyara
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@padiyaraa, I mean the oversold condition can prolong for a while. :D
Rajarshita_RS
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@padiyaraa, Agreed sir; but i see a small spike and then a big fall may come..as of now im having a bullish view..But really appreciate ur feedback
The reason behind the analysis is that,
MACD is in bearish zone below the Zero line, RSI having a strong resistance at 50.
I am afraid the stock can correct further down.