HAL, Mazagon Dock, BDL: Defence Stocks Key Levels Targets

Some companies make planes, missiles, and ships for the military.

People call them defence companies.

HAL, Bharat Dynamics, and Mazagon Dock are three such companies.

When people buy their shares, they watch the price go up and down.

The price often stays between a floor and a ceiling.

The floor is called support and the ceiling is called resistance.

If the price breaks through the ceiling, it might keep going up.

If it falls below the floor, the stock might go down.

The article tells investors where these floors and ceilings are.

That helps them decide when to buy or sell.