Bharat Dynamics Ltd (BDL)

Technical Analysis Trend: Sideways after a sharp correction from the top. Structure: Breakdown from uptrend earlier → now attempting a base. Key Support: ₹1,410 – ₹1,430 zone. Immediate Resistance: ₹1,520 – ₹1,550. Major Supply: ₹1,645 – ₹1,750 zone. Bias: Range-bound; no fresh trend yet. Fundamental Analysis Defence PSU, main supplier of missiles & weapon systems. Strong order book backed by government spending. High visibility of revenues but execution is lumpy. Valuations remain rich compared to other PSUs. Summary: Fundamentally strong long-term story; technically still in consolidation.