BDL trade ideas
BDl 15MINBDL is given in the premium membership. it made a cup and handle pattern, giving consolidation in the handle after the breakout of the consolidation it gave a upside movement.
BDL - ResistanceBDL is trading near resistance
CMP - 358
Resistance - 365-370
One can go long above those levels for a target of 380/410/450/500+
SL 330
Long Term Wealth Creation Idea 2020 #2#BDL 307 | Accumulate with long term perspective upto 280 levels at least for 2X/3X+ gains...
Valuation | Dividend | P/E : Lucrative
BDLTrendline support plus resistance line support. If breaks this can see a downfall. and if moves up, can filll the gap created. target can also be as per Fibonacci Levels. SL will be CMP upon breakout (if any).
BDL Positional trading Idea SeptemberBur BDL today it started reversing
Tgt will be open and Sl will be Day's low
BDL - Bharat Dynamics - Uptrend IntactWhen we draw fibo for the swing it retraced to .382 levels.
So Up move is intact.
I need to cross 465 with Body above breakout line and continuing with good volume.
Stock has doubled in two months so strict stop loss .
One bad view in chart is when candles are compared to candles on left side little scary.
But RSI and Stochastic are as per rules.
ATR is high but considering the move it can be negated.
One of those setups where you need to have full faith in your SETUP (:=
BHARAT DYNAMICS-After 68% return in 24 days time for correction.This script had been moving upwards in the channel at a decent pace forming an Ascending Triangle in the process. Last month once the Galwan valley fight started, that is when this defense stock gave a breakout of the Ascending Triangle and started racing on.
Since the breakout it has given a staggering 68% returns in 24 days.
The stock also continued in the broader channel and I thought the correction started day before but today's candle just hit the last nail in the coffin by breaking out and hitting resistance. On any other day, since this stock broke out of a channel, one would have expected it to race further but..
Nifty being at the peak is ready for some correction from next week (I've uploaded my view on the Nifty chart) and so will this stock.
The blue dotted lines are the support levels where you can book profits if you go short or if you think long term then would like to add to your portfolio.
555 by October 2021 HTF266.35 currently
I feel this baby can keep going up and creating new high's so if anyone is looking for a long term relationship with BDL now is the time to commit :)
To be honest did not dig deep into this it just had me at " LOW DEBT" :)
set to pop ...316 nextThought why not check out some defense companies since everyone is ready to kill each other, this is the first and it looks ready to pop on the 4hr
It's forming a bull flag i assume and we are setting up to break through 281.30 .
On the daily you'll see we got rejected by the 200 day on 3 occasions so obviously had to come back to refuel or see if the lower support holds.
252 held up nicely and now the range has gotten tighter. so SL 249.90 enter straight away and get off 315.85
The company has got very low debt and just missing out on the revenue :)
to sum up easy trade i feel so will keep an eye on this ...
shall upload HTF later ..
Price Volume ActionThe chart explains how we can read a trend breakout and price volume action which can be very helpful in identifying momentum.
