Missile Drop Incoming? BDL Looks Ready to Dive

Jun 23

Rationale:
BDL attempted a breakout near ₹1,950 but failed to sustain. It formed a double top with clear rejection from the resistance zone, followed by a breakdown below minor support at ₹1,935. This indicates buyer exhaustion and a likely shift in momentum. The recent red candle breaking the support on decent volume confirms short-term bearish sentiment.

Trade Setup:
• Sell Below: ₹1,932
• Stop Loss: ₹1,945 (above retest zone)
• Targets: ₹1,915 (gap-fill support) / ₹1,900 (psychological level)

Structure favours short trades until ₹1,945 is reclaimed with strength.

Jun 26

Trade closed: target reached