BDL - IntraDay Trade Analysis

Last Updated Time : 02 Aug 25, 12:58 am

IntraDay Trade Rating: 2.1

BDL (Bharat Dynamics Ltd) is currently not an ideal candidate for intraday trading due to weak technical momentum and bearish price action. Here's a detailed breakdown

📉 Technical & Momentum Overview

RSI (24.6): Deeply oversold, but no signs of reversal yet.

MACD (-74.4): Strong bearish divergence, confirming downward pressure.

Volume (9.55L vs Avg 10.48L): Slightly below average, indicating low intraday interest.

Price vs DMA: Trading well below 50-DMA (1,757 ₹) and just above 200-DMA (1,492 ₹) — bearish zone.

📈 Intraday Strategy

If considering a fresh position

Optimal Buy Zone: Only if price stabilizes near 1,550–1,560 ₹ with a volume spike and RSI uptick.

Profit Targets

Target 1: 1,580 ₹ (minor resistance)

Target 2: 1,600 ₹ (near VWAP zone

1

)

Stop-Loss: 1,540 ₹ (below recent support)

If already holding intraday

Exit on Weakness: If price breaks 1,545 ₹ with rising volume and MACD divergence.

Exit on Strength: If price nears 1,600 ₹ but RSI fails to cross 35 — indicating limited upside.

⚠️ Risk Factors

Extremely High P/E (104) vs Industry PE (68.1): Valuation is stretched.

PEG Ratio (63.2): Suggests poor growth-adjusted valuation.

RSI & MACD: Both signaling strong bearish momentum.

Qtr Profit Var (-5.54%): Indicates declining profitability.

Price Action: Forming lower lows with weak recovery attempts

1

.

If you're looking for stronger intraday setups, I can help you scan for stocks with better momentum and volume profiles. Want to explore defense sector peers like HAL or BEL for comparison?

1

dailybulls.in

Edit in a page