BLUEDART - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.5
| Stock Code | BLUEDART | Market Cap | 11,331 Cr. | Current Price | 4,779 ₹ | High / Low | 7,080 ₹ |
| Stock P/E | 41.6 | Book Value | 772 ₹ | Dividend Yield | 0.52 % | ROCE | 18.4 % |
| ROE | 15.8 % | Face Value | 10.0 ₹ | DMA 50 | 5,200 ₹ | DMA 200 | 5,598 ₹ |
| Chg in FII Hold | -0.72 % | Chg in DII Hold | 0.92 % | PAT Qtr | 43.3 Cr. | PAT Prev Qtr | 108 Cr. |
| RSI | 31.8 | MACD | -136 | Volume | 15,856 | Avg Vol 1Wk | 10,139 |
| Low price | 4,683 ₹ | High price | 7,080 ₹ | PEG Ratio | -5.00 | Debt to equity | 0.32 |
| 52w Index | 4.01 % | Qtr Profit Var | -18.6 % | EPS | 101 ₹ | Industry PE | 24.4 |
📈 Chart & Trend Analysis: BLUEDART is trading at ₹4,779, below both its 50 DMA (₹5,200) and 200 DMA (₹5,598), indicating a bearish trend. RSI at 31.8 suggests oversold conditions, hinting at possible short-term support. MACD at -136 shows strong negative divergence, confirming downward momentum. Bollinger Bands place the price near the lower band, signaling weakness but also potential rebound zones.
📊 Volume Trends: Current volume (15,856) is slightly above the 1-week average (10,139), showing increased activity but largely on the downside.
🔑 Support & Resistance: Strong support lies at ₹4,683 (recent low). Resistance is near ₹5,200 (50 DMA) and ₹5,598 (200 DMA). Optimal entry zone: ₹4,700–₹4,800. Exit/profit booking zone: ₹5,150–₹5,250.
📉 Momentum Signals: RSI suggests oversold conditions, while MACD confirms bearish bias. Short-term signals favor cautious accumulation near support zones with exits around resistance levels.
📌 Trend Status: The stock is currently reversing downward with oversold signals, awaiting confirmation for recovery.
Positive ✅
- Strong ROCE (18.4%) and ROE (15.8%) highlight efficient capital use.
- EPS of ₹101 supports earnings visibility.
- DII holding increased (+0.92%), showing domestic institutional support.
Limitation ⚠️
- Stock trading below both 50 DMA and 200 DMA indicates technical weakness.
- High P/E ratio (41.6) compared to industry average (24.4) suggests overvaluation.
- Quarterly PAT dropped sharply (₹108 Cr → ₹43.3 Cr), showing earnings pressure.
Company Negative News ❌
- Decline in FII holding (-0.72%) reflects reduced foreign investor confidence.
- Quarterly profit variance (-18.6%) highlights earnings weakness.
Company Positive News 🌟
- DII holding increased (+0.92%), boosting domestic investor sentiment.
- Dividend yield of 0.52% adds shareholder value.
Industry 🏭
- Logistics & courier sector trades at lower average PE (24.4), making BLUEDART relatively expensive compared to peers.
- Industry growth driven by e-commerce expansion and supply chain demand.
Conclusion 📌
BLUEDART is in a bearish reversal, trading below key moving averages with oversold RSI. Fundamentals show decent ROCE and EPS, but earnings weakness and valuation concerns weigh heavily. Optimal strategy: accumulate cautiously near ₹4,700–₹4,800 support zones and consider profit booking near ₹5,150–₹5,250. Trend remains downward with potential rebound if volumes strengthen.
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