BDL rebound tests descending-channel resistance

Bharat Dynamics is trading near ₹1,107 after a strong rebound from the ₹980–₹1,000 demand zone. On the 4-hour chart, price has moved above the short moving-average levels near ₹1,080.70 and ₹1,054.50. This confirms that short-term momentum has improved after the recent decline. BDL The MACD has also turned positive. The MACD line is above the signal line and the histogram is green, showing that buyers have regained control in the near term. The green momentum phase supports the recovery, but the broader chart still carries a descending-channel structure. The key challenge is the falling channel boundary and the ₹1,110–₹1,150 supply zone. A sustained move above this range can turn the recovery into a stronger reversal attempt, with ₹1,210 becoming the next major level on the chart. On the downside, ₹1,080 is the first support, followed by ₹1,055. If price falls below ₹1,055, the recovery loses strength and ₹1,000 may be retested. For now, BDL has positive short-term momentum, but a breakout above ₹1,110–₹1,150 is needed to weaken the broader downtrend.