Breakout Giving Stock! Bharat Dynamics Ltd. #BDL 1- All Time High 2- Rising Channel 3- High Weekly Volume Note: Technical Analysis is for Educational Purpose. I am not SEBI registered. Consult your financial advisor for any Investment Advice.
trendline support. touches for the fourth time go long sl 1062 target 1212
BDL has given monthly highest closing weekly highest close also formed N pattern sl 880 target 1082/1209
Box breakout and retest done also keep it on track can give good upside even Volumes are supporting. This is a clear uptrend stock moves up then consolidates absorbs all the selling and then moves to new high. Keep in radar
Key Points: - Resistance Level breakout with good volume - RSI near 70 and Crossed RSI MA - EMA crossed and good potential of up-move - Good Potential to move upside - Volume above SMA - Gov defence Stock with good fundamental In Gujarati “ Bhav is Bhagwan ” Disclaimer : I am not a SEBI registered Analyst. Please do your own Analysis before taking any...
Traders, keep an eye on this good looking stock that has recently displayed a series of consolidation patterns, is trading above all key moving averages, and has broken out to new all-time highs. The series of consolidation patterns can be an indication that the stock is gearing up for a significant move, and trading above all key moving averages can suggest a...
Box Pattern BDL is trading in a box for quite a long time keep in focus for a good breakout and a very big target as it is in a weekly time frame can give good return in span of 3 to 6 months. Close above the box on daily chart can take some testing position and can pyramid after weekly closing. Even the volumes are drying up
Please look into the chart for a detailed understanding. Consider these for short-term & swing trades with 2% profit. For BTST trades consider booking target for 1% - 2% For long-term trades look out for resistance drawn above closing. Please consider these ideas for educational purpos
BDL breaks trendline. Also on budget day defence stock can do well.
Narrow range consolidation Volumes increasing Price at last resistance Super move upside.
Good Fundamental and Technical with no overhead resistance
BDL is looking strong on weekly charts. Keep it on your radar as it approaches closer to its all-time high! Ready for fresh breakout!
Please do your due diligence before entering in this stock.
BDL has given a good BO so from here we can take a swing trade and we can do investments too.
BDL can hit 1100 and 1200 in the coming weeks. Please do your due diligence before entering a stock.