BLUEDART - A must watch long term portfolio stock!MONTHLY TF VIEW:
Price Observations:
1. Good Volume support
2. Price structure is bullish
3. Reclaiming 9 years BO level
4. Bouncing from Monthly swing 50% fib level.
5. Bouncing from the Weekly Demand zone
6. Earnings are showing good growth as well.
Trade Plan:
1. Entry can be planned above 7900 with 15% Sl
2. Targets can be huge 14000 I'm expecting not immediately but eventually will reach there. Since it is a portfolio pick. For swing trade 9000 & 10000 can be considered as the TP levels
- Stay tuned for further insights, updates and trade safely!
- If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading!
Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing.
Thanks & Regards,
Anubrata Ray
BLUEDART
BLUEDART - Cup and Handle—Breakout -DailyBLUEDART - Cup and Handle—Daily
Upward Trend Line:
Indicates a general increase in price over time.
Neckline - 8995 => exit:
Suggests a potential exit point at the price level of 8995.
Breakout with Very High Volume:
Indicates a significant price movement accompanied by high trading volume, which often confirms the strength of the breakout.
For a potential price target of 12,555.
This analysis suggests that the price has broken out of a previous resistance level with strong volume and may continue to rise, potentially reaching the 12,555 level. However, always consider other factors and conduct further research before making any trading decisions
Bullish Channel Formation in Blue Dart with Strong Support LevelBullish Channel Formation in Blue Dart with Strong Support Levels
Body: The stock of Blue Dart is exhibiting a promising bullish channel pattern, suggesting an upward trajectory in the long term. The current support levels are firmly established at ₹6187 and ₹6731, providing a robust foundation for potential price appreciation.
Key Points:
Strong Support: The stock has consistently bounced off the ₹6187 support level, indicating solid buyer interest.
Resistance Break: A decisive move past the ₹6731 resistance could accelerate the uptrend.
Long-Term Target: If the bullish momentum continues, we might see the stock price reach as high as ₹7690 over an extended period.
Analysis: The technical indicators align with the bullish sentiment, as the stock is poised to continue its upward movement within the channel. Traders should monitor volume and price action closely for confirmation of the trend.
Conclusion: Blue Dart’s stock is on a path to potentially significant gains, with key support levels providing a safety net for investors. The long-term target of ₹7690 remains in sight, making it an attractive opportunity for those looking to capitalize on this momentum.
Remember to include a chart that illustrates the channel pattern and the mentioned price levels to provide a visual aid for your analysis. Good luck with your post! 📈
BLUEDARTBLUEDART:- Heavy selling has been seen in the stock but in the last two months, The stock is consolidating in a small range, if the stock gives a breakout and sustains above the resistance, there is a good movement to the upside. Keep your eye on it.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
Blue dart for swing Trading Hello Traders,
Talking about the share of Blue Dart, an ascending triangle is seen in it. So if we talk about the market, then 7497 was its first high. After touching the highs, there is a continuous decline in the market.
After the fall, its support level was 5441 . After touching that level, the market seems to be going up continuously.
When the market broke the resistance it again reached a new high of 7824.
The market is likely to move towards the 7300 level due to selling in the market.
Target : 7381 - 7300 and more.
Thank you!
money_dictator
Disclaimer: This is not investment advice. Invest your capital at your own risk.
Intraday Trade: watch for resistance breakoutbuy above 6550 in intraday
For stoploss in Intraday use 5 minute chart and see nearest support.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis
NOTE: For Gapup or bo before 9:20
If gapup is more than 1% from bo level than avoid completely.
if less than 1% or gives bo before 9:20 than wait for
first 5 minute candle and entry above 5 minute candle
and revised SL below candle Low.
Blue Dart - Consolidation near highsA breakout trade can also be taken, however as the scrip is good fundamentally we would enter now.
Disclaimer: All investments and trading in the stock market involve risk. Any decisions to place trades in the financial markets, including trading in stock or options or other financial instruments is a personal decision that should only be made after thorough research, including a personal risk and financial assessment and the engagement of professional assistance to the extent you believe necessary. The trading strategies or related information mentioned in this article is for informational / educational purposes only.
We have assessed our risk and taking positions as per our risk appetite. Request readers to strictly manage risk before entering any financial position
Bluedart (Its not expensive) Believe 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
DAILY SWING CALL // Friday 30th of April 2021 // NSE: BLUEDARTDAILY SWING CALL // Friday 30th of April 2021 // NSE: NSE:BLUEDART
// This is a swing trade call and not an intra-day trade. Please do not expect the stock to go up on the same day of posting or within a few sessions. Please follow the notes along with the posting before, during and after entering the trade //
CMP / LTP: 5321.9
TARGET: 6120+ (15% Around)
STOP LOSS: 4790 (10% Max)
Standard Notes:
- Please follow the Stop Loss strictly and preferably on a daily closing basis.
- Recommended Profit Booking / Exit is on +12-15% & If you still want to hold the stock, trail the SL once this target is achieved.
- Duration: 15-20 Trading Days is suggested for all my trades and is an indicative period.
- If SL / Target are not triggered and you still wish to hold the trade, this can be done as long as SL is followed or trailed.
Disclosure: I may or may not have a position in this trade.
Disclaimer: All the recommendations are subject to market conditions. Please trade at your own risks.