Details:
Asset: Blue Dart Express Ltd (BLUEDART)
Breakout Level: 7000
Potential Targets: 7500, 8000, 8900
Stop Loss: Below 6850 or as per risk management
Timeframe: Medium to long-term
Rationale: Blue Dart has shown a confirmed breakout from a channel pattern with a successful retest above 7000. The pullback confirmation suggests renewed buying interest, targeting higher levels in the coming weeks.
Market Analysis:
Technical Setup: Breakout followed by a healthy retest strengthens the bullish setup.
Sector Strength: Increasing demand for logistics and e-commerce delivery services post-economic recovery boosts long-term fundamentals.
Risk Management:
Maintain a stop loss below 6850 to safeguard against a false breakout.
Timeframe:
Medium to long-term trend expected to continue if price sustains above breakout level.
Risk-Reward Ratio:
Highly favorable due to well-defined breakout and layered targets.
Look for increasing volume on further upmove as confirmation of trend continuation.
Asset: Blue Dart Express Ltd (BLUEDART)
Breakout Level: 7000
Potential Targets: 7500, 8000, 8900
Stop Loss: Below 6850 or as per risk management
Timeframe: Medium to long-term
Rationale: Blue Dart has shown a confirmed breakout from a channel pattern with a successful retest above 7000. The pullback confirmation suggests renewed buying interest, targeting higher levels in the coming weeks.
Market Analysis:
Technical Setup: Breakout followed by a healthy retest strengthens the bullish setup.
Sector Strength: Increasing demand for logistics and e-commerce delivery services post-economic recovery boosts long-term fundamentals.
Risk Management:
Maintain a stop loss below 6850 to safeguard against a false breakout.
Timeframe:
Medium to long-term trend expected to continue if price sustains above breakout level.
Risk-Reward Ratio:
Highly favorable due to well-defined breakout and layered targets.
Look for increasing volume on further upmove as confirmation of trend continuation.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.