BDL trade ideas
Bharat Dynamics Ltd โBreakout BullishKey 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 โ Bhav is Bhagwan โ
Disclaimer :
I am not a SEBI registered Analyst.
Please do your own Analysis before taking any trade/investment.
The above view is just for educational purpose only.
Breakout on BDL charts 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 strong bullish trend. Finally, the recent all-time high breakout is a clear signal of the stock's upward momentum.
While there is no guarantee that this stock will continue to perform well, it is certainly worth keeping on your radar. With careful analysis and a well-planned trading strategy, this stock could present a profitable opportunity for traders looking to capitalize on the current market trends.
Remember to always trade with caution and to carefully consider your risk management strategy before making any trades. Happy trading!
BDLBox 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
Trendline BreakoutPlease 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
Bharat Dynamics Limited - Ascending Triangle + Fresh Volume ๐ Script: BDL (BHARAT DYNAMICS LIMITED)
๐ Nifty50 Stock: NO
๐ Sectoral Index: NIFTY INFRASTRUCTURE / NIFTY500 / NIFTY SMALLCAP
๐ Sector: Industrials / Capital Goods
๐ Industry: Aerospace & Defense
Daily Timeframe
Key highlights: ๐กโก
๐ Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it.
๐ MACD is giving crossover.
๐ Double Moving Averages also giving crossover.
๐ Volume is increasing along with price.
๐ Current RSI is around 72.
๐ One can go for Swing Trade.
In keeping with its commitment to fight the future wars with Indigenous Solutions, #IndianArmy invites Indian Defence Industry to offer critical defence equipment for Emergency Procurement.
Source / For more details : twitter.com
KEEP AN EYE ON DEFENCE STOCKS.
1.BHARAT DYNAMICS (BDL)
2.HINDUSTAN AERONAUTICS LIMITED (HAL)
3.PARAS DEFENCE AND SPACE TECHNOLOGIES LIMITED (PARAS)
4.BHARAT ELECTRONICS LTD.(BEL)
5.COCHIN SHIPYARD LTD (COCHINSHIP).
โฑ๏ธ C.M.P ๐๐ฐ- 920
๐ข Target ๐ฏ๐ - 1006/1055
โ ๏ธ Stoploss โ ๏ธ๐ซ - 855
โ ๏ธ Important: Always maintain your Risk & Reward Ratio.
โ
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat๐ Sleep๐ด TradingView๐ Repeat ๐
Happy learning with trading. Cheers!๐ฅ
BDL , ready for UPTREND Hey guys ,
BDL stock is ready for uptrend ......
this stock is moving in a straight uptrend
Now this stock was following a traingle pattern
This stock has crossed it's resistance
and has given a big green candle
so , this is a perfect stock to buy presently.
also. the 200 day ema is above the 50 day ema
which show's that the stock is in a great uptrend
therefore, try to buy this stock and earn high returns.
๐๐
BUT FIRST CONSIDER THE GLOBAL MARKET SITUATIONS
1. INFLATION
2. WAR
3. RISING BANK RATES
after considering these situations
you can buy this stock
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