[Premium] Trade Of The Week

Blue Dart Express has been making progress slowly and silently. The stock has been making higher highs and higher lows in a turbulent market. The price recently broke out of its minor consolidation near 7,870.

The indicator has been in bullish momentum territory along with support from the relative strength chart as well.  What would be important to track is whether the price manages to hold on to these high levels above 7,870. The prior highs that we saw in the year 2015-2016 were in the same region.

We are bullish Blue Dart only above the risk management level of 7,870. The target to track would be 8,780.

Click on the chart to zoom in.

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Allstarcharts Team