Blue Dart Express Limited (BLUEDART) Stock - Complete Technical Analysis - Sep 19, 2024

Blue Dart Stock Analysis: Key Support & Resistance Levels September 2024 Insights

Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Investing in stocks involves risks, and it's essential to conduct thorough research or consult with a financial advisor before making investment decisions. Blue Dart Express Limited (BLUEDART) is currently trading at 8,249, marking a 13.06% decline from its 52-week high of 9,488. The stock is also up 50.35% from its 52-week low of 5,486. Technical indicators suggest a mixed outlook for the stock. The RSI indicates that BLUEDART is currently in a neutral zone, suggesting balanced buying and selling pressure. The MACD is positive, pointing to bullish momentum, while the Awesome Oscillator also supports a potential uptrend.

Resistance is observed around the 8,600 to 8,800 range, where the stock has faced selling pressure in recent periods. On the downside, strong support is expected near 8,000, with additional support at 7,800 if the downward trend continues. The ADX is relatively low, indicating a weak trend, so traders should be cautious of potential volatility.

Chart patterns and moving averages provide further context. The stock is trading below its short-term moving averages, which could signal a potential reversal if it manages to climb above these levels. Overall, traders should monitor these resistance and support levels closely and watch for any significant changes in momentum to make informed trading decisions.