🟢 BEL (Bharat Electronics Ltd) – Ascending Triangle Setup | Breakout Watch 🚀
📊 Chart Setup:
BEL is forming an ascending triangle pattern on the daily chart — a bullish continuation setup. The breakout level is around ₹435. Confirmation will come with a daily close above ₹435.
🔹 Targets: ₹455 / ₹480
🔹 Support: ₹408
🔹 Pattern: Ascending Triangle (yet to break)
🔹 View: Wait for confirmation candle close above the resistance zone for sustained momentum.
💼 Fundamental Update – Q2 FY25 Results 🛰️
BEL posted strong Q2 numbers beating estimates across all metrics:
• Net Profit: ₹1,285 Cr ↑ vs Est ₹1,143 Cr — Beat
• Revenue: ₹5,764 Cr ↑ vs Est ₹5,359 Cr — Beat
• EBITDA: ₹1,695 Cr ↑ vs Est ₹1,482 Cr — Beat
• EBITDA Margin: 29.42% ↑ vs Est 27.7% — Beat
➡️ Strong all-round performance with robust revenue growth and healthy margins, adding confidence to the bullish setup.
📈 For educational purpose only. Not a buy/sell recommendation.
📊 Chart Setup:
BEL is forming an ascending triangle pattern on the daily chart — a bullish continuation setup. The breakout level is around ₹435. Confirmation will come with a daily close above ₹435.
🔹 Targets: ₹455 / ₹480
🔹 Support: ₹408
🔹 Pattern: Ascending Triangle (yet to break)
🔹 View: Wait for confirmation candle close above the resistance zone for sustained momentum.
💼 Fundamental Update – Q2 FY25 Results 🛰️
BEL posted strong Q2 numbers beating estimates across all metrics:
• Net Profit: ₹1,285 Cr ↑ vs Est ₹1,143 Cr — Beat
• Revenue: ₹5,764 Cr ↑ vs Est ₹5,359 Cr — Beat
• EBITDA: ₹1,695 Cr ↑ vs Est ₹1,482 Cr — Beat
• EBITDA Margin: 29.42% ↑ vs Est 27.7% — Beat
➡️ Strong all-round performance with robust revenue growth and healthy margins, adding confidence to the bullish setup.
📈 For educational purpose only. Not a buy/sell recommendation.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.