Blue Dart Express Limited has broken through the ceiling of a falling trend channel in the medium long term. This indicates a slower falling rate initially, or the start of a more horizontal development. The stock has broken a resistance level and given a positive signal for the long- term trading range. The stock has broken up through resistance at rupee 6450. This predicts a further rise.
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Positive volume
balance strengthens the stock in the short
term. The short term momentum of the
stock is strongly positive, with RSI above
70. This indicates increasing optimism
among investors and further price increase
for Blue Dart Express Limited. The RSI
curve shows a rising trend, which could be
an early signal of the start of a rising trend
for the price as well. The stock is overall
assessed as technically positive for the
medium long term.
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