BDL

Loses Momentum After Failed Rally

has turned bearish as the stock continues to trade below its recent highs, forming lower highs and showing clear distribution after a strong prior run-up. The failure to sustain above the ₹1,400–1,450 zone and repeated rejections indicate supply pressure at higher levels, while muted volumes and a soft ADX suggest lack of buying strength. Unless the stock reclaims key resistance decisively, the downside risk remains, with a possible drift toward the ₹1,150–1,080 support zone in the near term.