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
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
YR 2022 Idea #167: Long on BELThis is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. Our objective to help anyone who wants to learn technical analysis using charts by demonstrating my real trade entries. You can post your queries in comment section here and we will try to answer them asap.
READY TO RALLY AGAIN ?This is Daily timeframe.
BEL have retraced and now consolidating for last 4 days in a range, it rejected to go for lower levels last day.
MFI is at 21.77 level. There is a chance that is gives a bounce and continue it's rally.
From botttom to top, it is currently at 0.38 fibonacci level.
Keeping SL just above 0.61 fibo level.
Psychology behind trade and SL :
After breakout we have witnessed good rally in BEL.
A step by step process in upmove as you can see the price action(highlighted with yellow line).
And now a retracement. It have started to sustain in a zone now, near 0.38 fibo level, drawing from the bottom where the rally began.
Show rejection yesterday to go down. It may consolidate here for a while in coming days, if eventually it comes near the 0.61 fibo level, I am planning to exit as it will then show weakness in this trend and may go down afterwards. So SL near 0.61 level.
Bullish view psychology - The upward momentum was with accumulation with steps, still it was in short span of time. Big players drived it, entered with step by step accumulating. Look at the Money Flow Index, it was above 60 level and have been sometimes to 90+ levels in the rally.
It's justifies a short term bullish view.
This is my own analysis and is for information purpose only.
Long BEL, Move is ON..NSE:BEL
#BEL gave an entry at 245.50 (Breakout of Triangle Pattern) as per Chart given below
Now trading above Resistance 3 of 316
Next Resistance is at 365
Here are previous charts:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade






















