Technical View: • BDL was going through it's primary downtrend since Jul-2024. • After touching a lifetime high of 1,794.70 on 5-Jul-2024, it has retraced 50% to 890 level. • BDL has recently breakout from it's primary downtrend with higher than average volume. • BDL is trading above 20 DEMA and 50 DEMA since last few sessions. 20 DEMA has crossed over 50 DEMA. • RSI is in buy zone and trading at 64.58. MACD has crossed 0 line and trading at 40.98 • Both RSI and MACD are showing positive divergence, indicating trend reversal. • Looking strong to start an upward journey from here.
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