BDL - BREAKOUT
Bharat Dynamics is a Government of India Enterprise. It is engaged in the manufacturing of guided missiles and allied defence equipments.
FUNDAMENTAL
- Company is debt free
- 1 year return : 200 %
- 5 year return : 900 %
- Company is generating wealth
- Free cash flow 10Y : 2300 cr
TECHNICAL
- After 1 month of staying in a range and a few attempts of breakout, the stock is finally breaking out towards new highs.
- RSI is 70 on daily which may be slightly overbought but if can be bought for a swing trade ( 3 - 5 trading days )
- Trading above 21 and 50 EMA - Bullish
- MACD attempting to cross over.
Overall for swing trade : BULLISH
For Investment : Wait for pullback as RSI on monthly TF is 90 which is highly overbought.
Place a SL
If you missed your entry, wait for a pullback and enter at the retest zone or when crosses the high of the pullback.
Happy Trading:)
FUNDAMENTAL
- Company is debt free
- 1 year return : 200 %
- 5 year return : 900 %
- Company is generating wealth
- Free cash flow 10Y : 2300 cr
TECHNICAL
- After 1 month of staying in a range and a few attempts of breakout, the stock is finally breaking out towards new highs.
- RSI is 70 on daily which may be slightly overbought but if can be bought for a swing trade ( 3 - 5 trading days )
- Trading above 21 and 50 EMA - Bullish
- MACD attempting to cross over.
Overall for swing trade : BULLISH
For Investment : Wait for pullback as RSI on monthly TF is 90 which is highly overbought.
Place a SL
If you missed your entry, wait for a pullback and enter at the retest zone or when crosses the high of the pullback.
Happy Trading:)
Catatan
It did hit our first target and made a high of around 1770, and then defence stocks witnessed a profit booking and BDL too.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.