MTF Stock Pick Buy Blue Dart Express Limited For Target Rs. 7100 - HDFC Securities
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MTF Stock Pick Buy Blue Dart Express Limited For Target Rs. 7100 - HDFC Securities
TECHNICAL OBSERVATIONS
* Stock price has already broken out on the daily chart by closing above 5850 levels
* Stock price also broken out from the last two month consolidation with higher volumes.
* Short term trend of the Stock is positive where it is trading above its 5,20 and 50-day EMA
* Oscillators like RSI and MFI is showing strength in the current uptrend of the stock
* Plus, DI is trading above -DI while ADX line is placed above 25 Indicating momentum in the current uptrend
* Considering the Technical evidences discussed above, we recommend buying Blue Dart at CMP of 5917.15 and average at 5450 for the upside targets of 6640 and 7100, keeping a stop-loss at 5300
Buy Blue Dart Express Limited Up to 3 Months @ 5450 CMP 5917.15 TGT 7100 SL 5300
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