BHARAT ELECTRONICS - Swing Trade - 7th February #stocksBHARAT ELECTRONICS (1D TF) - Swing Trade Analysis given on 7th Feb, 2024
Pattern: FALLING WEDGE
- Back at Support / Demand Zone
- Wait for EOD candle for small RR
- Mandatory to keep SL in play
- Breakout - In Progress
- Retest & Consolidation - In Progress
#stocks #swingtrade #chartanalysis #priceaction #traderyte #BEL #stockmarket #sharemarket #viral #sharemarketindia #StockMarketindia #investment
BEL
BHEL ltd,.; min 30% Return ; right time to investFundamentally good stock,
For long term investment.
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Entry: 102
target: 104 -119 - 130
sl: 97
major stoploss/ support: 87
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Enter only after breaking & close above " Yellow box" mentioned.
Or else wait for some time.
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;good for long term investment.
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Don't make complicated trade set-up.📈📉
Keep it " simple, focus on consistency 💹
Refer our old ideas for accuracy rate🧑💻
Valuable comments are welcomed-✌️
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refer old ideas attached below
BEL - A Breakout Opportunity NSE:BEL
Bharat Electronics Limited is engaged in design, manufacture and supply of electronics products/systems for defense as well as for nondefense markets. The Company's principal products include weapon systems, radar and fire control systems etc.
TTM EPS: 10.72
TTM PE: 21.86
Sector PE: 30.84
Book Value Per Share: 45.45
P/B: 5.16
Face Value: 1
Mkt Cap (Rs. Cr.): 57,101
Dividend Yield: 1.71
Some Positives:
Rising Net Cash Flow and Cash from Operating activity
Company with high TTM EPS Growth
New 52 Week High
Growth in Quarterly Net Profit with increasing Profit Margin (YoY)
Company with No Debt
Increasing Revenue every quarter for the past 2 quarters
Strong cash generating ability from core business - Improving Cash Flow from operation for last 2 years
Company able to generate Net Cash - Improving Net Cash Flow for last 2 years
Book Value per share Improving for last 2 years
Company with Zero Promoter Pledge
FII / FPI or Institutions increasing their shareholding
Strong Momentum: Price above short, medium and long term moving averages
Some Negatives:
Companies with growing costs YoY for long term projects
MFs decreased their shareholding last quarter
Inefficient use of assets to generate profits - ROA declining in the last 2 years
Decline in Net Profit with falling Profit Margin (QoQ)
NOT A RECOMMENDATION. JUST FOR EDUCATION PURPOSE. Thanks
BEL: Forming Symmetrical Triangle PatternBEL is forming a Symmetrical Triangle Pattern. As per expectation breakout could happen from 129 level.
After the breakout one can enter around 129-130 level with expected target of 143. Also one should set stoploss at 126.
Pattern is forming on hourly chart.
Disclaimer:
This idea is only for education purpose, Please consult your financial advisor.
I am not SEBI registered.
BEL : Trending Stock#BEL #trendingstock #breakout
BEL : Good Trending stock
>> Good VCP at top and ready for a new breakout
>> Good Strength in stock & Decent Volumes
>> Potential of Minimum 1:2 Risk Reward or more
>> Levels mentioned on chart
SWing Traders should focus on 10% profit & keep trailling
Please Like or comment if u r Liking the analysis & Learning from it. Keep showing ur Love
Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
BEL price actionThis chart is just for study purpose to understand the price action on BEL chart.
BEL has previously given a rounding bottom breakout on Weekly charts in August 2021 and it achieved its pattern target by Sept'22. Price after making its high in Sept'22 was under consolidation and correction and is travelling in a falling channel on weekly timeframe and has taken a good support at Fibo support zone of 50 to 61.8 retracement level of the Momentum journey which it started from May'22 till Sept'22 .
It has respected this zone since last three months and has given a very good weekly closing last week. The falling channel combined with its previous momentum journey is also making a flag & Pole pattern on weekly tf and any breakout upside can give next leg of upmove to achieve its pattern target around 135 to 140 levels.
BEL: Formed Reverse Head & Shoulder PatternBEL has formed reverse Head & Shoulder Pattern and gave breakout.
Can be added around 106-108 with expected target of 120 and set Stop loss at 104.
Pattern is forming on daily chart.
Disclaimer:
This idea is only for education purpose, Please consult your financial advisor.
I am not SEBI registered.
BEL can be a good breakout swing tradeBEL stock is in uptrend from past few years and currently, it has given a breakout from a trendline resistance.
I personally don't prefer breakout trading but the setup is looking nice above 104 with a small SL below 101.5 DCB.
Kindly trade as per your own analysis and consider this idea for educational purpose only.
BEL Paving way for INVERTED CUP & HANDLE ??!!!Chart pattern insist me the above titled opinion
Reasons
1. BEL is in formation of a Inverted Cup & Handle (Handle in progress)
2. Lower high and Lower low formed (confirming bearishness) .
3. Gap b/w 15th & 16th Day candle can act as Strong resistance.
4. Target & SL levels mentioned @ Chart.
5. BEL may take support @ Green trendline (Major Support from 2020) .
Let's wait & watch how it moves!!!
Note - Just sharing my view...not a tip nor advice!!!
"BEL" anticipated range breakoutNSE:BEL is expected to break the range as it is heading towards 50 Day MA upwards.
Target 1 = INR 97.50
Target 2 = INR 101.55
Stop Loss = INR 93.65
The analysis is based on the Fibonacci numbers, MACD and other technical indicators involved.
Disclaimer : The following information is for educational and informational purposes only and should not be construed as financial advice or a recommendation to buy, sell or hold any stock or investment. Technical analysis is a method of evaluating securities by analyzing statistics generated by market activity, such as past prices and volume . However, the future performance of a stock or investment cannot be guaranteed based on technical analysis alone, and other factors, such as economic conditions and company fundamentals, should be considered when making investment decisions. Before making any investment decisions, please consult with a licensed financial advisor and conduct your own research to determine if an investment is suitable for your individual circumstances and risk tolerance. Past performance is not indicative of future results, and investing involves risk, including the possible loss of principal.{/i]
BEL Has Started Wave CBEL has completed impulsive wave 5 at 258 and started declining for corrective formation.
BEL has completed corrective wave 5 of C of B at 250 . Now, BEL is forming lower degree's waves of wave C. If it sustains below 245 , BEL can fall for following support levels: 235 - 224 - 215.
Wave C can complete near 100 of wave A at 215 . It is called A=B .
I will share more information soon.
Thank you
@Money_Dictators