Currency Grow (CA & SEBI Reg IA Omkar Bhutada) · 22nd Mar
Now this is a high-probability continuation short setup 🔥
Chart of Bharat Dynamics Limited is giving a classic breakdown-after-distribution pattern.
BDL
🔍 1️⃣ Big Structure
Phase 1: Strong Uptrend
Massive rally from ₹400 → ₹2000
👉 Strong bullish phase
Phase 2: Distribution at Top
Sideways near ₹1800–2000
Volatile candles
👉 Smart money exited here
Phase 3: Downtrend Begins
Lower highs
Lower lows
👉 Trend already bearish
🧠 2️⃣ Current Situation (Most Important)
👉 Price is now sitting at:
₹1220–1250 support zone
And:
👉 This level has been tested multiple times
💡 Meaning:
Support is getting weaker
🚩 3️⃣ What Most People Will Do (Wrong)
👉 “Strong support hai… bounce aayega”
⚠️ Reality
👉 Repeated testing = support breaking soon
💥 4️⃣ Breakdown Setup
If price breaks:
👉 ₹1220 zone
Then:
Next Targets:
₹1100
₹1000
📉 5️⃣ Why Fall Can Be Sharp
Already in downtrend
Weak structure
No strong buying seen
👉 Breakdown = acceleration
📊 6️⃣ Trade Plan
🔴 Aggressive Entry
Breakdown below ₹1220
🔵 Safe Entry
Breakdown + retest of ₹1220
🎯 Targets
₹1100
₹1000
❌ Stop Loss
Above ₹1300