BLUEDART reversing from supportBluedart 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 trade ideas
Blue dart - Ready for 20% breakoutAfter 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)
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.
#BLUEDART - POTENTIAL BO STOCKS#BLUEDART - POTENTIAL BO STOCKS
CMP : 7403
Disclaimer : We are not Sebi registered analyst or Authorized analyst
The charts / Levels / Price projections are only for educational purpose.
This is our personal view, Pls consult your financial advisor before taking decision - Buy / Sell
We will be not responsible for your profit and Loss
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