vicky252

Bharat Dynamics Ltd - Breakout Opportunity

Long
vicky252 Updated   
NSE:BDL   BHARAT DYNAMICS LTD
Date: 4-Feb-2024
Rating: Buy (Mid Term as well as Long Term Opportunity)
LTP: Rs. 1,759.40
Target: (1) Rs. 1,970 --> (2) Rs. 2,184 --> (3) 2,397
SL: Rs. 1600

BDL has recently given breakout from its minor down trend within primary uptrend.

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.
Comment:
Updates: 15-Feb-2024
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LTP: Rs. 1,664.15
With recent fall, BDL has retraced 20% from previous high. Post that it again started showing the strength. Revising the target post current retracement.

REVISED TARGETS: (1) Rs. 1,938 --> (2) Rs. 2,175
Comment:
Updates: 5-Mar-2024
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Meeting of the Board of Directors is rescheduled to 21-Mar-2024 to consider and approve (a) Payment of Interim Dividend for the financial year 2023-24 (b) Sub-division / Split of Equity Shares of the company.
Trade closed: stop reached:
13-Mar-2024:
Broke down the major uptrend line today. Closing the call and exiting.
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