Bharat Dynamics LtdTriangle pattern in Bharat Dynamics Ltd. also today there was Bullish MACD crossover.
BDL trade ideas
BDL Swing CandidateBDL
Buy - Above 380
Sl - 360
Target -420 440 460
Keep Position Size Under Control
Long BDLLong BDL above 375 TGT 435 SL 345. Entry can be taken above the BO of TL. Good risk to reward trade. This is for your educational ideas.
Bharat Dynamics Cmp 406.40 dated 22.7.2021Bharat Dynamics Cmp 406.40 dated 22.7.2021
1. Ascending triangle.
2. Cup & Handle.
3. Rectangle Box consolidation BO.
4. RSI already done BO.
Buy for a tgt of 420-450 SL 370
It is just a view, pls trade at your own risk.
BDL - CONFLUENCE OF 3 FACTORS1) Trend line breakout in daily time frame
2) Ascending triangle pattern breakout in weekly
3) Resistance breakout
REFER CHART FOR LEVELS
BHARAT DYNAMICS LTDThis stock found under Value Investing strategy.
Profit margin % increasing it's a good indication for this company, Debt/Eq 0.
Small correction may happen but overall It's the very best stock for long-term investment.
Bharat Dynamics - Head and Shoulder Pattern - 23/05/2021Head and Shoulder Pattern forming in Bharat Dynamics.
Buy trigger above 360. SL 345
Target : 385 / 410++
Long Bharat DynamicsBDL/Bharat Dynamics
CMP - 350
Stop - 335 on DCB
Expectation -
1 - 390
2 - 480, Review at 390
Expected Holding Period - 40 trading days or earlier
Triangle breakout with Volume- Risk to Reward - 3 TimesGoodtriangle breakout with volume. Stock has retraced from its breakout and might go on upside from next week, as it on its trendline.
However one should take trade ONLY if it shows promise of bullish green candle on 17th May.
If it breaks the trendline and goes down then should avoid
CMP 343
SL 328
T- 385+, and 405
TF - before 20th June 2021(first target)
Swing opportunity in Bharat Dynamics LimitedGo Long above 336.85 for targets of 347.75, 358.5, and above, with SL 326
Reasons to go Long :
1. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.618 Fibonacci level.
2. Also a bullish chart pattern, Falling Wedge (marked with purple color) gave breakout.
3. After Wedge breakout it is retesting the breakout level and has formed a bullish candlestick pattern (Bullish Hammer), marked with an orange circle.
BDL_LONGBDL has today given a breakout of minor trendline.
It can be seen completing channel pattern in few upcoming days.
(for educational purpose only)
BHARAT DYNAMICS | SWING TRADE | 15/3/2021All the reasons for the trade have been explained in the video.
--HAPPY TRADING
BDL in channelBDL is moving currently trading in a channel pattern. As when as it falls and reaches to its support zone and support of trendline as well, we can see bullish momentum if it performs the way we think.
(for educational purpose only, do your analysis before investing)
