Bullish Swing Trade: Bharat Dynamics (BDL)
Setup: BDL at ₹1,294.80 (NSE, June 9, 2025) is consolidating in a ₹1,250–₹1,350 Darvas Box, poised for a 10–15% swing in 1–4 weeks. Strong Q4 FY25 (profit ₹288.78 Cr, up 88.5% YoY) and ₹19,230 Cr order book fuel bullish momentum.
Technicals:
Chart: Daily candlestick.
RSI: ~55 (neutral, room to climb).
MACD: Near bullish crossover.
Volume: Rising (4.05L vs. 4.95L avg).
Pattern: Breakout above ₹1,350 targets ₹1,500–₹1,550.
Plan:
Entry: Buy >₹1,350 (high volume) or at ₹1,280 (50-DMA) on bullish candle.
Target: ₹1,500–₹1,550 (12–15%).
Stop Loss: ₹1,230 (~5% risk).
Time: 1–4 weeks.
Risks: Breakout failure, policy shifts, high beta (1.45).
Setup: BDL at ₹1,294.80 (NSE, June 9, 2025) is consolidating in a ₹1,250–₹1,350 Darvas Box, poised for a 10–15% swing in 1–4 weeks. Strong Q4 FY25 (profit ₹288.78 Cr, up 88.5% YoY) and ₹19,230 Cr order book fuel bullish momentum.
Technicals:
Chart: Daily candlestick.
RSI: ~55 (neutral, room to climb).
MACD: Near bullish crossover.
Volume: Rising (4.05L vs. 4.95L avg).
Pattern: Breakout above ₹1,350 targets ₹1,500–₹1,550.
Plan:
Entry: Buy >₹1,350 (high volume) or at ₹1,280 (50-DMA) on bullish candle.
Target: ₹1,500–₹1,550 (12–15%).
Stop Loss: ₹1,230 (~5% risk).
Time: 1–4 weeks.
Risks: Breakout failure, policy shifts, high beta (1.45).
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.