September 21, 2024

In the positive environment of the capital market, this became a dynamic stock – top trending stock bharat dynamics ltd


Mumbai – Broader markets rallied at the start of Wednesday’s trading session amid positive global cues. Investors have been buying heavily in quality midcap and smallcap stocks.

Shares of Bharat Dynamics Ltd rose more than 4% on Wednesday in trading volume. At the same time, the company stock has registered a strong price volume breakout from its triangle pattern. Such breakouts are considered medium-term positive for the stock. This reflects strong trading activity as the share’s trading volume increased for the third consecutive session. All of them are trading above the moving average and thus indicate a bullish price structure on technical basis.

This article is published by Dalal Street Investment Journal, India’s No. 1 investment magazine. Click here and subscribe to receive regular shares and recommendations from Teji.

From a technical perspective, this stock is highly bullish. Its daily RSI (61.38) is bullish and indicates an uptrend. This shows the potential of this stock. The stock’s MACD has registered a bullish crossover in the morning session on Wednesday. Its OBV is elevated and looks strong from a trading perspective. Overall this company stock is technically strong and the stock is expected to trade more in the coming period.

The stock has gained 140% on a year-on-year basis. Thus outperforming most of the competitors in its category. Apart from this it provides more trading opportunities with a favorable risk-reward ratio for investors. It should be added to your watchlist to track further price movements of the company shares!
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