Date: 16-May-2024
Rating: Buy - Positional Trade
LTP: Rs. 2,069.60
Targets: (1) Rs. 2,098 --> (2) Rs. 2,278 --> (3) Rs. 2,571
SL: Rs. 1,938 on daily close basis
Technical View:
• BDL is in its primary uptrend and was recently going through it's secondary downtrend.
• After touching the high of 2,097.95 on 25-Apr-2024, it has retraced 14% to 1,805.55 level.
• On 16-May-2024, BDL has broke out from its secondary down trend with higher than average volume.
• BDL is already trading above 20 DMA, 50 DMA and 21 DEMA.
• Both RSI and MACD have formed bullish crossover and are trading at 66.32 and 41.62 respectively.
• Looking strong to start a new swing from here.
Key Events:
• 2/1 stock split. Record Date: 24-May-2024
• Quarterly Result and Dividend announcement: 29-May-2024
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. Ideas are published for learning purpose only.
Rating: Buy - Positional Trade
LTP: Rs. 2,069.60
Targets: (1) Rs. 2,098 --> (2) Rs. 2,278 --> (3) Rs. 2,571
SL: Rs. 1,938 on daily close basis
Technical View:
• BDL is in its primary uptrend and was recently going through it's secondary downtrend.
• After touching the high of 2,097.95 on 25-Apr-2024, it has retraced 14% to 1,805.55 level.
• On 16-May-2024, BDL has broke out from its secondary down trend with higher than average volume.
• BDL is already trading above 20 DMA, 50 DMA and 21 DEMA.
• Both RSI and MACD have formed bullish crossover and are trading at 66.32 and 41.62 respectively.
• Looking strong to start a new swing from here.
Key Events:
• 2/1 stock split. Record Date: 24-May-2024
• Quarterly Result and Dividend announcement: 29-May-2024
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. Ideas are published for learning purpose only.
Comment:
21-May-2024
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LTP: Rs. 2,538.40
3rd target of 2,571 reached. 23% up from suggested level.
MACD, RSI and Moving averages are still giving bullish indication. Can eye 2,863 as Next Target.
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LTP: Rs. 2,538.40
3rd target of 2,571 reached. 23% up from suggested level.
MACD, RSI and Moving averages are still giving bullish indication. Can eye 2,863 as Next Target.
Comment:
23-May-2024
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LTP: Rs. 2,810.55
4th target of Rs. 2,863 reached. 36% up from suggested level.
Tomorrow (24-May) BDL will split and will open at Rs. 1,405.
After split, HAL has started an unstoppable journey and CochinShipyard hit 20% UC on split day. Let's see how BDL performs tomorrow. Technicals are still suggesting bullish momentum.
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LTP: Rs. 2,810.55
4th target of Rs. 2,863 reached. 36% up from suggested level.
Tomorrow (24-May) BDL will split and will open at Rs. 1,405.
After split, HAL has started an unstoppable journey and CochinShipyard hit 20% UC on split day. Let's see how BDL performs tomorrow. Technicals are still suggesting bullish momentum.
Comment:
25-May-2024:
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Stock has split on 24-May at 2/1 and opened at 1,434.95. Post that it touched the high of 1,658.95 and closed 8.38% up.
Suggested at 1034.8 (2,069.60 before split).
LTP: 1523.05.
47% up from suggested level.
HOLD till the momentum is strong with open target.
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Stock has split on 24-May at 2/1 and opened at 1,434.95. Post that it touched the high of 1,658.95 and closed 8.38% up.
Suggested at 1034.8 (2,069.60 before split).
LTP: 1523.05.
47% up from suggested level.
HOLD till the momentum is strong with open target.
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LTP: Rs. 2324.25
1st and 2nd targets (2,098 and 2,278) reached. 12% up from suggested level.
NEXT TARGET: Rs. 2,571.