Go Long @ 6195.1.1 for Targets of 7060, 7550, and 8040 with SL 5700
Reasons to go Long :
1. On a Monthly timeframe if we draw the Fibonacci retracement tool from the recent swing low (point A) to the recent swing high (point B) then we see stock took support from the 0.5 Fibonacci level.
2. In addition to this a bullish candlestick pattern Bullish Hammer...
Bluedart price is revering from good support line.
last few session accumulating near support line and last session shown good green candle.
RSI cross above 30 & MACD cross over happened.
good indication for swing trade entry.
Entry - CMP
Target - previous resistance
Stoploss - Below support line
BlueDart has breached its daily down trendline. We can see good volumes as well. The target here is 9600+. We can wait for a pull back and it should not breach the trendline. Other factors:
1. RSI is above 60
2. MACD is on the verge of making a green histograms
Good risk ratio on this trade.
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Reason for long
a) Mr.14 set up
b) cup and handle pattern
c) channel support
e) Triangle breakout
d) volume and price spurt
e) weekly breakout
f) SL compulsory
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...
Bluedart have the potential for another 8-10% upside momentum. Amidst the Current Market Landscape, Every Indicator Points Towards a Favorable Trajectory, Positioning the Stock for Substantial Growth.
BUY BLUEDART PRICE @ CMP 6415.75 28% ROI EXPECTED
Buy1 cmp entry @6415.75
Target 1 @8210.75
ROI 1 @ 28%
Buy2 Pending entry @ 5751.00
Target 2 @ 8210.75
ROI 2 @ 42%
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In the Weekly Chart of BLUEDART ,
we can see that, After strongest W pattern breakout, it has gone side ways.
Now it has a Decision making candle.
Enter on breaking its High with Low as SL.
Possible momentums are shown in chart.
In the Weekly Chart of BLUEDART ,
we can see that, It has now created a Halt Candle on Support Trendline.
If it breaks, enter on breaking its high with low as SL.
BLUEDART:- 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...
