Bharat DynamicsAscending Triangle
Lot of supply from retail IPO crowd around 418
Next Stop 428
Looks Good.
BDL trade ideas
Bhrat Dynamics :Good Move today on 19apr as predicted yesterdaySelling to come from Retail IPO subscribers at Rs 418 and then from HNI's at 428.
However the stage is set for a massive upmove.
A Rs 7700 crore Mcap stock with 490cr profit (FY 17) and likely 500cr profit (FY18)
Bharat DynamicsChannel trading 372 - 410 since a bad IPO listing
However now with shares in stronger hands, it should see a steady rise.
The GReeN bars on the first day of trade and yesterday (16th Apr) is a Bullish Belthold.
418 and 428 would see some selling as those are the IPO prices (for Retail and Others respectively)
Fundamentally too very strong.
BDL #Closing 459.65#TradingDesk#3BarDecider BDL #Closing 459.65#TradingDesk#3BarDecider
Trading Process
Active or Non Active : Tradeable (As Its low less than Previous close +Previous close*1%)
Not Active Stock Idea : Not Tradeable (As Its low is more than Previous close +Previous close*1%)
Success (As next few days High is more than previous close + Closing*3% nd more & stop loss not being hit of closing -closing *5%)
Stoped Out (As following next few days low is less than closing - Previous close*5% & high not more than closing + closing*3%)
BDL: Bharat Dynamics.....BUY Target 600 ....Jai HINDMissile Maker
Going Like a Missile.
Good Technical Set up, Flag & Pennant
Fundamentally Great.
Exports Started first time by a Domestic Defence Mfg.
ZERO DEBT
High Dividend Payout
BDL hot for 500Excellent BO above the trend line and support during retracement
go long with weekly close below the trend line
33 Percent Retracement Level Bounce OFF After a Bullish Trend, it tends to consolidate for some time and again continues its prior trend.
33% , 50%, 66% retracement level, is the level in which most bounce back and continue the prior trend.
---
It kind of forming a FLAG pattern to.
---
Volume looks good too.
Bharat Dynamics Explosive volume What next?Stock made its explosive move towards 1.618 fib level 380 from wave 2 and completed 3rd wave, extension 2.618 (478) is less likely.
So fall to 0.382 or 0.5 fib levels expected in coming sessions.
Sit tight and wait for entry near 315-295 target 400 Stop loss
Bharat Dynamics Ltd - Weekly1. New 52 week high
2. Strong weekly candle with huge volumes
3. Strong order book
4. Defense sector in focus
One can buy partial quantity here and partial post retest if happens.
BDL - REACTION??BDL IS SEEN TO REACT TO 299 AND 293 LEVELS IN THE COMING DAYS.
KEEP STOP LOSS AT 320.
Portfolio Stock : Bharat DynamicsBharat Dynamics have given strong Breakout. SIP and Hold Patiently for Four Digit Price.
probably good time to buy. 311 is resistance! if that is crossed then 345 in no time.
Disclaimer:I am NOT SEBI registered, Just trying to learn to predict share price movement. THE CHARTS PRODUCED HERE ARE FOR MY PERSONAL REFERENCE ONLY AND THEY ARE NOT ANY BUY OR SELL RECOMMENDATIONS. Kindly consult your investment advisor and family members before investing.
Keep an eye! closing above 311 is important.might head towards 340 and then 375!
Disclaimer:I am NOT SEBI registered, Just trying to learn to predict share price movement. THE CHARTS PRODUCED HERE ARE FOR MY PERSONAL REFERENCE ONLY AND THEY ARE NOT ANY BUY OR SELL RECOMMENDATIONS. Kindly consult your investment advisor and family members before investing.
Triangle breakouton daily chart stock has perfomed triangle breakout. we can expect stock to move towards 310 levels.
