Bharat Dynamics Stock in Focus Strategy for Bulls & Bears!
Bharat Dynamics Stock in Focus Strategy for Bulls & Bears!
Bharat Dynamics Stock in Focus Strategy for Bulls & Bears!
Bharat Dynamics Stock in Focus Strategy for Bulls & Bears!
K Karthik Raja (Market Educator & Technical Analyst)
MCA | MBA | M.Com | MSc Psychology | PGJMC | CST | MDAT | CFA Pursuant
Chart Pattern
- The stock appears to be forming a higher low structure, indicating strength.
- A breakout from consolidation is in progress, signaling potential upside.
Trend Analysis
- The stock has been in a strong uptrend after a correction.
- Recent price action suggests higher highs and higher lows, confirming bullish sentiment.
Dow Theory
- The trend is following accumulation → markup → minor correction → continuation.
- The stock is currently in the markup phase, preparing for the next move.
Support and Resistance
- Support Levels: ₹900-₹950 (strong demand zone).
- Resistance Levels: ₹1400 (key breakout level).
Volume Analysis
- Recent green candles show increasing buying volume.
- A breakout with high volume will confirm strength.
Observations
- The stock is attempting to retest previous highs.
- Volume and moving averages are aligned with bullish momentum.
Final Takeaway
- The stock is showing bullish strength with strong support at ₹1160-₹1200.
- If it breaks ₹1400 with volume, it could rally towards ₹1550-₹1600.
Breakout Strategy (Bullish)
- Entry: Buy above ₹1400.
- Stop-loss: ₹1280.
- Targets: ₹1550-₹1600.
Breakdown Strategy (Bearish)
- Entry: Sell below ₹1200.
- Stop-loss: ₹1300.
- Targets: ₹1050-₹1000.
Disclaimer
This analysis is for educational and informational purposes only. It does not constitute financial advice. Always consult a professional before making investment decisions.
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