BDLBharat Dynamics Ltd.NSE:BDLmohdwaseem222🧾 Key Observations 1. Major Uptrend and Retracement The stock had a strong bullish trend from around ₹950 to above ₹2,100 (roughly 120%+ rally). The recent correction has retraced 50% of this entire uptrend, which is a significant Fibonacci retracement level. 50% retracement often acts as a key support/resistance area in technical analysis. 2. Current Price Action The stock is currently trading at ₹1,481.60, just below a marked resistance zone. Price is bouncing from a support area near ₹1,400, which is also marked as: Monthly FVG (Fair Value Gap) in the Discount Zone. 3. Supply & Demand Zones Demand Zone (Support): Between ₹1,300 to ₹1,450. Includes the Monthly FVG, indicating a potential accumulation or value-buying zone. Supply Zone (Resistance): Between ₹1,700 to ₹1,850. Price previously rejected from this zone, suggesting selling pressure or distribution. 4. Structure & Market Context After the rally, price broke structure and is now in a correction phase. The price is consolidating within a range between ₹1,400 and ₹1,500. Lower highs and lower lows are seen, indicating a short-term downtrend. 🔍 Technical Summary IndicatorObservation TrendShort-term downtrend, Long-term uptrend Support₹1,300 – ₹1,450 (Monthly FVG in Discount Zone) Resistance₹1,500 (Immediate), ₹1,700–₹1,850 (Supply Zone) Price StructureCurrently range-bound between ₹1,400–₹1,500 Opportunity ZonePrice is near a discount zone, ideal for watching bullish confirmation 📈 What to Watch For Bullish Entry Setup: If price holds above ₹1,400 and breaks ₹1,500 with volume, it could retest ₹1,700–₹1,850. Look for bullish candles or patterns (like engulfing, pin bar) near the Monthly FVG zone. Bearish Scenario: If price breaks down below ₹1,400, it could test lower supports around ₹1,250 or lower. Lack of demand here may indicate further downside. Risk Management: Good area to consider entries with tight stop loss around ₹1,350–₹1,400, targeting upper resistance zones. Wait for confirmation, as price is currently sideways. ✅ Conclusion The stock is in a high-potential zone (Monthly FVG) after a 50% retracement, suggesting a possible reversal or accumulation phase. This is a critical area – a bounce here could lead to a strong move back to the supply zone. Conservative traders may want to wait for a breakout above ₹1,500 with volume before entering.