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BEL

BEL (Bharat Electronics Ltd.) Cup and Handle pattern DailyHere's the **analysis** for **BEL (Bharat Electronics Ltd.)** Need to close above 306 for confirmation --- ### 🏭 **BEL (NSE) Technical Analysis** 1. **Pattern Observed:** - Clear **Cup and Handle** pattern. - Breakout happening **around ₹305**. - Also, a **falling channel breakout** is observed (yellow parallel lines). 2. **Key Levels:** - **Breakout Zone:** ₹305. - **Current Price:** Around ₹305. - **Resistance Levels:** - ₹340 (intermediate resistance — recent swing high). - **Major Target:** ₹369-370 zone (based on the cup height projection). - **Support Levels:** - ₹290 (handle low). - ₹265-270 (channel mid-support). 3. **Volume Confirmation:** - Good volume surge during the breakout, confirming buyer strength. 4. **Target Projection:** - Height of Cup = ~₹64. - Projected Target = Breakout Price + Height - ₹305 + ₹64 ≈ **₹369** (aligned with your target). 5. **Trend Strength:** - Breakout from a **long consolidation range** (almost a year). - Momentum could stay strong if ₹305 holds. --- ### 📈 **Summary** | Aspect | Detail | |:------|:-------| | Pattern | Cup and Handle + Falling Channel Breakout | | Breakout Level | ₹305 | | Immediate Target | ₹340 | | Major Target | ₹369-370 | | Support | ₹290, ₹270 | | Bias | **Strong Bullish** | --- ### 📋 **Trading Idea (Example Setup)** - **Entry:** ₹305-310 - **Stop Loss:** ₹288 (below handle low) - **Target 1:** ₹340 - **Target 2:** ₹369 Risk-Reward is favorable (approx 1:3). ---
NSE:BELLong
by VCharts_TA
Investment Idea Bharat Electronics Limited (BEL) BEL stock has been showing a strong uptrend over recent months, driven by consistent earnings growth and strategic government defense orders BEL, a leader in defense electronics, is perfectly positioned to benefit from India’s growing focus on self-reliance in defense manufacturing. With a strong order book, cutting-edge R&D, and robust financials, BEL offers: ✔️ Consistent Growth: Backed by government initiatives and modernization needs. ✔️ Dividend Returns: A track record of rewarding shareholders. ✔️ Long-Term Potential: Expanding into new markets like AI and space technologies. Invest in BEL today and watch your portfolio grow with India’s defense dreams! 🌟 #BEL #LongTermInvestment #StockMarket
NSE:BELLong
by manojshinde27
Bharat Electronics Ltd. - Breakout OpportunityDate : 27-Nov-2024 LTP : Rs. 307.35 Targets: (T1) Rs. 323 --> (T2) Rs. 340 --> (T3) Rs. 391 SL : Rs. 281 Technical View: • NSE:BEL is in strong primary uptrend and was recently going through it's secondary downtrend within primary uptrend. • After touching the high of 340.5 on 10-Jul-2024, it has retraced 24% to 257.45 level. • NSE:BEL has breakout from it's secondary downtrend with higher than average volume on 27-Nov-2024. • NSE:BEL is trading above 20 DEMA and 50 DEMA since last few sessions. 20 DEMA has crossed over 50 DEMA on 27-Nov-2024. • RSI is in buy zone and trading at 64.48. MACD is bullish and trading at 2.36. • Both RSI and MACD are showing positive divergence. • Looking good to start a new swing from here. Like the analysis? Boost/Like this idea and follow my ID. 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. My ideas are published for learning purpose only and are available to everyone at no cost/charge.
NSE:BELLong
by vicky252
BEL Q2 Growth of 14.8% Signals Potential Breakout, Targeting 340Details: Asset: Bharat Electronics Limited (BEL) Breakout Level: Watch for technical confirmation of breakout Potential Target: 340+ Stop Loss: Below recent support levels or as per individual risk tolerance Timeframe: Short to medium-term Rationale: BEL reported a strong Q2 performance with a 14.8% growth, signaling robust financial health. This positive development increases the likelihood of a breakout, supported by improved fundamentals and investor sentiment. Market Analysis: Fundamental Support: The Q2 results showcase BEL’s continued growth trajectory, potentially attracting more interest from institutional and retail investors. Technical Setup: The stock is showing signs of consolidation, with a breakout appearing imminent. Watch for sustained movement above resistance levels. Price Target: Based on technical and fundamental analysis, the stock could reach 340+ post-breakout. Risk Management: Implement a stop loss near the recent support levels to minimize downside risks in case of a reversal. Timeframe: The move toward 340+ is expected over the short to medium term, contingent on sustained buying pressure and broader market conditions. Risk-Reward Ratio: With strong Q2 fundamentals and an imminent technical breakout, the setup offers a favorable risk-reward ratio for bullish investors. Keep an eye on the stock’s price action and volume as it approaches critical resistance levels for confirmation of the breakout.
NSE:BELLong
by CyborgTradingHub
Is BELUSDT on the Verge of a Bullish Breakout?Yello, Paradisers! BELUSDT is showing bullish signals with a clear Change of Character (CHoCH) and Break of Structure (BOS). Currently, it's approaching a significant resistance trendline and has formed W pattern, both of which heighten the chances of a bullish move. 💎If BELUSDT breaks above the resistance trendline and zone, closing a candle above these levels, it would confirm the W pattern. This would significantly increase the probability of a sustained bullish movement. 💎If we see a retracement, we expect support to hold, potentially providing a bounce. However, to strengthen the bullish case, we'll be watching closely for a bullish Internal CHoCH (I-CHoCH) in this zone. 💎However, If BELUSDT breaks down and closes a candle below the support zone, our bullish outlook would be invalidated. In this case, it would be wiser to wait for a more favorable price structure to emerge before making any moves. Patience and discipline are essential here. Watch for confirmation signals at these levels, and remember that waiting for the right price action can make all the difference between success and failure in this market. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan
BEL 1D TFAs we discussed in the previous post, NSE:BEL is trading in parallel zone pattern and can break out at any moment.As nifty is also moving up from an support zone I hope the chart will move on the upside. With proper confirmations this trade could be taken with a good R:R. The link to the previous post is attached below.. Disclaimer:- This analysis is only for educational purpose. Please always do your own analysis or consult with your financial advisor before taking any kind of trades
NSE:BELLong
by Joassh
Bharat Electronics Ltd - Breakout OpportunityDate : 7-Jun-2024 Rating : Buy - Positional Trade LTP : Rs. 283.20 Targets: (1) Rs. 323 --> (2) Rs. 380 SL : Rs. 241 on daily close basis Technical View: • NSE:BEL is in its primary uptrend and was recently going through it's secondary downtrend. • After touching the high of 323 on 3-Jun-2024, it has retraced 29% to 230 level. • On 7-Jun-2024, NSE:BEL has broke out from its secondary down trend with high volume. • Prices are trading above 20 DMA, 50 DMA and 21 DEMA. • RSI is trading at 56.80 and MACD is trading at 11.63. • Looking good to start a new swing from here. • All the above observations are noted in Daily Timeframe. 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. Ideas are published for learning purpose only.
NSE:BELLong
by vicky252
Bharat Electronics Ltd - Breakout OpportunityDate : 17-May-2024 Rating : Buy - Positional Trade LTP : Rs. 248.2 Targets: (1) Rs. 255 --> (2) Rs. 275 ++ SL : Rs. 221 on daily close basis Technical View: • NSE:BEL is in its primary uptrend and also going through it's secondary uptrend. • Within the current secondary uptrend, NSE:BEL has retraced 9% from top and again started the upward journey from 14-May onwards. • On 16-May-2024, NSE:BEL has broke out from minor down trend line and on 17-May-2024 it broke the previous 52 week high with very high volume. • On 16-May-2024, NSE:BEL has closed above 20 DMA and 21 DEMA. Since then it is trading above 20 DMA and 21 DEMA. • RSI is trading at 70.91 and MACD is trading at 4.34. • Looking strong to continue the current uptrend. 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. Ideas are published for learning purpose only.
NSE:BELLong
by vicky252
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