BlueDart:4220 can come down to 62 % retracement level 3250
BlueDart' on break below the support level 4170 ,can come down to 62 % retracement level 3250
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This fall below 4170 was predicted well in advance with a valid assessment. the stock is currently in an oversold state. it may have oversold bounce.
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support level
A quadruple Bottom support is similar to a triple Bottom support, except that the prices turned after bouncing from the same level three times & the fourth time the demand was able to outstrip the supply at the price level, and prices bounced from the quadruple Bottom support line.
Quadruple bottom line accounting and related frameworks fail to emphasize the foundations of sustainable prosperity in continuous and competitive entrepreneurship and innovation. Enterprising progress in the lives of individuals and their communities requires adaptive innovation “successful implementation of new combinations” in all aspects of sustainable prosperity. Accordingly an inter-related quadruple bottom line of profit or progress, it provides the basis for a more comprehensive framework for developing measures of sustainable prosperity.
However in terms of sentiment it was doubt full, and that was the reason I couldn’t accept this time a reversal. May be the GST turned the sentiment positive. I am not justifying my mislaid, Just my studies continues.
You can see my posting, were we caught it right at the bottom.