BDL - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 4.0

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

📊 Trend Overview

Current Trend: Bullish

Status: The stock is trending upward, supported by price action above key moving averages and a bullish MACD signal. However, recent volume drop and sharp earnings contraction raise caution.

📈 Moving Averages

DMA 50: ₹1,587

DMA 200: ₹1,500

Current Price: ₹1,609

✅ Price is above both 50-DMA and 200-DMA, confirming a bullish trend. These levels now act as support zones.

📉 Momentum Indicators

RSI (14-day): 59.4 — Bullish zone, with room to rise before overbought territory.

MACD: +2.95 — Bullish crossover, indicating upward momentum.

Volume: 13.7 lakh vs 1-week avg of 28.3 lakh — Significantly below average, suggesting weakening participation.

📊 Bollinger Bands

Price is near the middle band, indicating moderate volatility and potential for continuation if volume picks up.

🔍 Support & Resistance Zones

Level Price (₹) Commentary

Support 1 1,587 50-DMA, immediate support

Support 2 1,500 200-DMA, stronger support

Resistance 1 1,675 Minor resistance zone

Resistance 2 1,750 Previous swing high

Resistance 3 1,850–1,900 Medium-term target if momentum sustains

🎯 Entry & Exit Zones

Optimal Entry: ₹1,580–₹1,600 range on pullback with volume confirmation.

Exit Zone: ₹1,675–₹1,750 for short-term traders; ₹1,850+ for medium-term breakout players.

⚠️ Short-Term Signals

MACD bullish, RSI healthy, and price above key averages suggest continued momentum.

However, volume drop and sharp quarterly profit contraction may limit upside unless fundamentals stabilize.

🧭 Summary

Trend: Bullish with short-term caution

Momentum: Strong technically, but volume and earnings raise flags

Technical Rating: 4.0 — Positive setup with breakout potential, but watch for confirmation

Would you like a comparison with other defense sector stocks like BEL or HAL to assess relative strength?

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