Bharat Dynamics (BDL): Cup & Handle or VCP
Bharat Dynamics which was already in nice uptrend has currently taken a pause.
When it was move up, it formed big range candle with big volume (in May month), then when it halted, its first pulled back with lower volume.
Whenever there is green candle, there is big volume and where there is red candle there is low volume.
Volume completely dried at second pullback, it means less and less supply is coming, supply is getting absorbed.
So could be the short term trading good opportunity.
When it was move up, it formed big range candle with big volume (in May month), then when it halted, its first pulled back with lower volume.
Whenever there is green candle, there is big volume and where there is red candle there is low volume.
Volume completely dried at second pullback, it means less and less supply is coming, supply is getting absorbed.
So could be the short term trading good opportunity.
Penafian
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