Date: 15-Feb-2024
Rating: Buy (Mid Term as well as Long Term Opportunity)
LTP: Rs. 185.95
Targets: (1) Rs. 195 --> (2) Rs. 210 ++
SL: Rs. 178
Technical View:
BEL
has break out from its secondary down trend within primary uptrend. RSI has crossed 50 and MACD is above 0. Indicating bullish sign for coming days.
Company Info:
BEL
is a multi-product, multi-technology, conglomerate that provides products and systems to India's armed forces in areas of Radars and fire Control Systems, Missile Systems, Communication and C4I systems, Electronic Warfare & Avionics, Naval Systems & Antisubmarine Warfare Systems, Electro Optics, Tank Electronics & Gun Upgrades, etc.
Products and Services: ORA Weapon System, Lithium Ion batteries and fuel cells, Renewable Energy, Space Electronics, Network and Cyber Security, Railway and Metro.
Disclaimer: I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market.
Rating: Buy (Mid Term as well as Long Term Opportunity)
LTP: Rs. 185.95
Targets: (1) Rs. 195 --> (2) Rs. 210 ++
SL: Rs. 178
Technical View:
BEL
has break out from its secondary down trend within primary uptrend. RSI has crossed 50 and MACD is above 0. Indicating bullish sign for coming days. Company Info:
BEL
is a multi-product, multi-technology, conglomerate that provides products and systems to India's armed forces in areas of Radars and fire Control Systems, Missile Systems, Communication and C4I systems, Electronic Warfare & Avionics, Naval Systems & Antisubmarine Warfare Systems, Electro Optics, Tank Electronics & Gun Upgrades, etc. Products and Services: ORA Weapon System, Lithium Ion batteries and fuel cells, Renewable Energy, Space Electronics, Network and Cyber Security, Railway and Metro.
Disclaimer: I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market.
Comment:
Update: 4-Mar-2024
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LTP: 209.60
2nd Target of 210 reached. 13% up from the suggested level.
NEXT TARGET: 234
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LTP: 209.60
2nd Target of 210 reached. 13% up from the suggested level.
NEXT TARGET: 234
Trade closed: target reached:
12-Mar-2024:
Broke down the minor uptrend line. Closing the call and exiting.
Suggested at: 185.95
LTP: 204.25
Profit: 10%
Broke down the minor uptrend line. Closing the call and exiting.
Suggested at: 185.95
LTP: 204.25
Profit: 10%
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LTP: 194.75
1st Target of 195 reached.
NEXT TARGET: 210