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BDL - Technical Analysis

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

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Technical Rating: 2.4

Here’s a detailed technical analysis of BDL (Bharat Dynamics Ltd.)

📉 Trend Overview

Current Price: ₹1,565 is below the 50-DMA (₹1,757) and above the 200-DMA (₹1,492) — indicating a short-term downtrend but long-term bullish structure.

RSI (24.6): Deep in oversold territory, suggesting potential for a technical bounce.

MACD (-74.4): Strongly negative, confirming bearish momentum.

Volume: Slightly below average, indicating low conviction selling.

📌 Conclusion: The stock is reversing from a recent high and may be approaching a support zone for a potential rebound.

📈 Chart Patterns & Indicators

Bollinger Bands: Price is near the lower band, reinforcing oversold conditions.

Candlestick Patterns: Recent formations include Bearish Engulfing and Three Black Crows, indicating strong selling pressure

Support Levels

₹1,492 (200-DMA)

₹1,493 – ₹1,535 (Fibonacci retracement zone)

Resistance Levels

₹1,757 (50-DMA)

₹1,890 – ₹1,950 (Pivot R1–R3 zone)

🎯 Entry & Exit Zones

Action Price Zone (₹) Rationale

Buy Entry 1,490 – 1,535 Near 200-DMA, oversold RSI

Target 1 1,750 – 1,770 50-DMA resistance zone

Target 2 1,890 – 1,950 Pivot resistance zone

Stop Loss 1,460 Below key support and psychological level

🔍 Momentum Signals

Short-Term: Bearish, but oversold indicators hint at a technical rebound.

Medium-Term: Weak structure; needs breakout above 50-DMA to regain strength.

Long-Term: Solid fundamentals — zero debt, strong ROCE (19.6%), and improving PAT — support resilience.

🧭 Final Take

BDL is reversing from its highs and currently in a technical correction. A bounce from ₹1,490–₹1,535 could offer a favorable entry, especially if volume picks up and MACD flattens. Watch for RSI recovery above 30 and a close above ₹1,757 for confirmation of trend reversal.

Want to compare this setup with other defense sector stocks or explore wave-based analysis next?

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