Stock Radar: Bharat Dynamics shows signs of bottoming out after 30% correction; time to buy?

The stock hit a record high of Rs 1,794 on July 5, 2024, but lost momentum, slipping below key short-term moving averages. On weekly charts, it dropped under the 21- and 50-week averages, finding support near the 100-week average, aligned with May 2024 lows around Rs 900. Strong momentum helped the stock break a downward trendline on weekly charts, maintaining its upward trajectory since.