BDL share price: Should you buy, sell or hold? Key resistance and support levels
For BDL, an analyst pegged the first key resistance at around Rs 1,350. A decisive move above that level, he said, could push the stock towards Rs 1,460-1,470.
- Jul 16, 2026,
- Updated Jul 16, 2026 4:25 PM IST
Bharat Dynamics Ltd (BDL) investors sitting on losses after the recent pullback in defence stocks may not need to rush for the exit just yet. Angel One Senior Research Analyst Osho Krishan said the broader defence pack remains structurally strong for long-term investors, even as near-term profit booking has dragged frontline names lower from their highs.
In an interview to Business Today TV (BTTV), his message to investors already holding BDL was clear: stay put if the investment horizon is long enough. “There is no point exiting the stock at prevailing levels,” he said, adding that investors who can remain committed for the longer term should continue to hold the stock.
Correction, not collapse
The call comes at a time when defence counters have cooled off after a sharp rally, with stocks such as BDL and Hindustan Aeronautics Ltd (HAL) slipping into what Krishan described as a “good correction zone.”
For BDL, the analyst pegged the first key resistance at around Rs 1,350, roughly in line with the investor’s purchase price mentioned in the query. A decisive move above that level, he said, could push the stock towards Rs 1,460-1,470.
Levels that matter now
On the downside, Krishan identified Rs 1,220 as an important support zone. That gives investors a tactical framework: hold existing positions, avoid panic selling into weakness, and consider adding if the stock drifts closer to support. “In case there is any weakness, accumulate at around Rs 1,220 level,” he said.
The strategy reflects a staggered accumulation approach rather than an aggressive chase at current levels. For investors who entered near Rs 1,350, the stock now appears to be at an inflection point where technical confirmation on either side could shape the next move.
Bharat Dynamics Ltd (BDL) investors sitting on losses after the recent pullback in defence stocks may not need to rush for the exit just yet. Angel One Senior Research Analyst Osho Krishan said the broader defence pack remains structurally strong for long-term investors, even as near-term profit booking has dragged frontline names lower from their highs.
In an interview to Business Today TV (BTTV), his message to investors already holding BDL was clear: stay put if the investment horizon is long enough. “There is no point exiting the stock at prevailing levels,” he said, adding that investors who can remain committed for the longer term should continue to hold the stock.
Correction, not collapse
The call comes at a time when defence counters have cooled off after a sharp rally, with stocks such as BDL and Hindustan Aeronautics Ltd (HAL) slipping into what Krishan described as a “good correction zone.”
For BDL, the analyst pegged the first key resistance at around Rs 1,350, roughly in line with the investor’s purchase price mentioned in the query. A decisive move above that level, he said, could push the stock towards Rs 1,460-1,470.
Levels that matter now
On the downside, Krishan identified Rs 1,220 as an important support zone. That gives investors a tactical framework: hold existing positions, avoid panic selling into weakness, and consider adding if the stock drifts closer to support. “In case there is any weakness, accumulate at around Rs 1,220 level,” he said.
The strategy reflects a staggered accumulation approach rather than an aggressive chase at current levels. For investors who entered near Rs 1,350, the stock now appears to be at an inflection point where technical confirmation on either side could shape the next move.