Blue Dart Express Limited
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Blue Dart: Channel Breakout & Retest Above 7000

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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.

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