Bharat Dynamics Ltd - Breakout Opportunity
Date: 27-Mar-2024
Rating: Buy - Positional Trade
LTP: Rs. 1,755
Targets: (1) Rs. 1,810 --> (2) Rs. 1,984 --> (3) 2,252
SL: Rs. 1,625
Technical View:
•
BDL is in its primary uptrend since long time and was recently going through it's secondary downtrend.
• After touching the life time high of 1,984.80 on 27-Feb-2024, it has retraced 22% to 1,552.10 level.
•BDL has broke out from its secondary down trend on 26-Mar-2024 with higher volume.
• RSI has crossed 50 on 26-Mar-2024.
• On 27-Mar-2024 it has closed above both 20 DMA and 50 DMA.
• Looking strong to start a new swing from here.
Disclaimer: I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market.
Rating: Buy - Positional Trade
LTP: Rs. 1,755
Targets: (1) Rs. 1,810 --> (2) Rs. 1,984 --> (3) 2,252
SL: Rs. 1,625
Technical View:
•
BDL is in its primary uptrend since long time and was recently going through it's secondary downtrend.• After touching the life time high of 1,984.80 on 27-Feb-2024, it has retraced 22% to 1,552.10 level.
•
BDL has broke out from its secondary down trend on 26-Mar-2024 with higher volume.• RSI has crossed 50 on 26-Mar-2024.
• On 27-Mar-2024 it has closed above both 20 DMA and 50 DMA.
• Looking strong to start a new swing from here.
Disclaimer: I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market.
Note
17-Apr-2024---------------
LTP: Rs. 1,846.90 (on 16-Apr-2024)
1st target of Rs. 1,810 reached. 5% up from suggested level.
NEXT TARGET: Rs. 1,984
Note
23-Apr-2024-----------------
LTP: 1,923.10
BDL 4% up today. 10% up from suggested level.
Note
24-Apr-2024---------------
LTP: Rs. 2,046.45
2nd target of Rs. 1,984 reached. 17% up from suggested level.
NEXT TARGET: Rs. 2,252
Note
29-Apr-2024----------------
Company has fixed Friday 24 May, 2024 as the Record Date for the purpose of determining the eligibility of shareholders for sub-division/ split of existing 1 (One) Equity Share of face value of Rs. 10/- (Rupees Ten Only) each fully paid up into 2 (Two) Equity Shares of face value of Rs. 5/- (Rupees Five Only) each fully paid up.
Trade fermée: cible de profit atteinte
06-May-2024---------------
Closing the call. Broke down the secondary uptrend line.
LTP: 1905.60
P&L: +9%
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.