Stock: BDL (Bharat Dynamics Ltd) – Positional Trade Setup

📈 Chart Observations (1D timeframe):
Price: ₹1,399.30

Recent Highs: The stock attempted a breakout above the ₹1,400–1,430 zone, which has acted as strong resistance since mid-2024.

Previous Breakout Zone: The big rally from around ₹800 to ₹1,800 happened in early 2024, followed by a long consolidation.

Structure: A cup and handle pattern is potentially forming, with the handle nearing completion.

Volume (not visible): Should be checked for confirmation if you plan to enter.

✅ Positional Trade Setup
Entry Zone:
✅ Aggressive: ₹1,395–₹1,405 (current levels)

✅ Safe Entry: On a daily close above ₹1,430 with good volume

Targets:
🎯 Target 1: ₹1,520

🎯 Target 2: ₹1,650

🎯 Target 3 (long-term): ₹1,800+

Stop-Loss:
🛑 SL: ₹1,310 (below the recent swing low & handle support)

Holding Period:
📅 4–8 weeks for initial targets

Can trail SL for longer trend holding if ₹1,800+ is breached

⚠️ Key Levels to Watch:
Support: ₹1,310 | ₹1,250

Resistance: ₹1,430 | ₹1,520 | ₹1,650