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BHARAT DYNAMICS LIMITED

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BDL trade ideas

BDL : Booked a profit of 15% on invested capitalCons : DIIs and FIIs are reducing their stake, as per the data released on Sept 2023, whereas retailers are increasing their stake. So this shows that the strong hands are booking their profits and it is not a good sign in the near term. The financials are not that attractive. The valuation is high at the current price point. Pros : Bharat Dynamics Q2 FY24 Highlights (Standalone, YoY) Revenue up 15.2% at Rs 616 crore vs Rs 535 crore (Bloomberg estimate: Rs 519.97 crore). Ebitda up 42.8% at Rs 134 crore vs Rs 94 crore (Bloomberg estimate: Rs 79 crore). Margin at 21.76% vs 17.54% (Bloomberg estimate: 15.20%). Reported profit up 94.1% at Rs 147 crore vs Rs 76 crore (Bloomberg estimate: Rs 91.7 crore) But these positive aspects are priced in already and institutions may consider this as an opportunity to book their profits. So this is a case of buy the hype and sell the news scenario. The overall market is also in a key rejection levels and if a sell-off happens then overvalued stocks like this will be the most effected. So considering all these, I decided to book profit in this stock and take some chips off the table. Will consider re-entry if price comes back to favorable valuations. So booked a profit of about 15% of the invested capital. I had an allocation of about 2.5% of the total capital as 2 entries at various inflection levels. The previous posts related to this scrip is attached along with this post. Do check that out. I'm well aware that there is a potential for a move of about 15% in the near term. But I'm ok to let go of that since there is a downside risk of over 23%.
NSE:BDLShort
by Sniper-Traders
3
BDL : Going longTook an entry for about 1.25% of the capital. But I do expect a small correction further down and if it does I'll add on another 1.25% and sum up the total holding to 2.5%. Pretty confident about the defense sector and also the particular stock. Although the valuation is a bit high, the overall state of Indian economy when compared to the global economy and also the stability and support of the current Central Government, gives confidence in a sector like defense. Expecting a return of at least 30% within a few months.
NSE:BDLLong
by Sniper-Traders
Real blast material is here 💥 guysEntry mark level Stop losss 1198 Breakout trading implementation: 1. **Identifying New Trends:** Breakout trading helps traders identify the beginning of new trends by focusing on price levels where an asset breaks out of its historical trading range. 2. **Volatility Indicator:** Breakouts often occur when there's increased volatility in the market. Monitoring breakouts can provide insights into shifts in market sentiment and potential price movements. 3. **Entry Points:** Breakout points serve as potential entry points for traders looking to ride the momentum of a newly established trend. Buying on a breakout can capture the early stages of a price movement. 4. **Confirmation of Strength:** Successful breakouts indicate the strength of a trend. If an asset breaks out with high volume and follows through with sustained price movement, it suggests a strong trend in that direction. 5. **Avoiding False Signals:** Breakout strategies often include using indicators or confirmation signals to avoid false breakouts. This can enhance the accuracy of trade decisions. 6. **Defined Risk and Reward:** Breakout trading allows for setting clear stop-loss levels below the breakout point, which helps manage risk. Traders can also calculate potential profits based on the distance between the breakout point and a projected target. 7. **Adaptable to Various Markets:** Breakout trading can be applied to various markets, including stocks, forex, commodities, and cryptocurrencies. The concept remains consistent across different assets. 8. **Flexibility:** Traders can adapt breakout strategies to their preferred timeframes, whether they are day traders, swing traders, or long-term investors. 9. **Liquidity Opportunities:** Breakout points are often associated with increased trading volume, which can provide better liquidity for executing trades. 10. **Risk vs. Reward Assessment:** Traders can evaluate the potential risk of a trade (stop-loss) against the potential reward (target price), aiding in decision-making and portfolio management. 11. **Psychological Advantage:** Successful breakout trades can boost a trader's confidence and discipline, reinforcing the effectiveness of their strategy. 12. **Market Events:** Breakouts can occur around significant market events such as earnings reports, economic data releases, or geopolitical developments, offering traders opportunities to capitalize on sudden price movements. Remember, while breakout trading offers potential advantages, it also carries risks. False breakouts and market reversals can lead to losses. Successful implementation requires a solid understanding of technical analysis, risk management, and the ability to adapt to changing market conditions.
NSE:BDLLong
by UnknownUnicorn24085472
13
Breakout on BDL charts Traders, keep an eye on this good looking stock that has recently displayed a series of consolidation patterns, is trading above all key moving averages, and has broken out to new all-time highs. The series of consolidation patterns can be an indication that the stock is gearing up for a significant move, and trading above all key moving averages can suggest a strong bullish trend. Finally, the recent all-time high breakout is a clear signal of the stock's upward momentum. While there is no guarantee that this stock will continue to perform well, it is certainly worth keeping on your radar. With careful analysis and a well-planned trading strategy, this stock could present a profitable opportunity for traders looking to capitalize on the current market trends. Remember to always trade with caution and to carefully consider your risk management strategy before making any trades. Happy trading!
NSE:BDLLong
by RajputAmarjit