BEL
Target 3 (42%) achieved in Bharat Electronic. Target 4 is ON...This is follow-up on Bharat Electronics Ltd. Can check link to related ideas.
Target 3 achieved. More than 42%. Target 4 is ON.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
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.
📊 Bharat Electronics 🎯 BEL NSE:BEL
Long Back I gave long side bullish idea on same stock. fortunately long side target done and now its trading above that target but now long side target is 178-180 as one can see in this chart.
let me clear one thing here that whoever holding this stock for very long term they should trail their Stop loss rather book at this resistance or one can book in part if find reversal and even then also trail Stop loss. Trailing Stop loss for very long Term is 140 closing basis. but I would love to book profit here in part if find reversal and I would follow trailing stop loss as well.
Now let come to the point that what we can do at this stage " simple if anyone want trade for intraday then one can long till PRZ zone as mentioned in chart and if some one want to short the if Bel Activate Harmonic pattern then if you know how to trade on reversal then trade for short as per your trade setup.
as we can see two Harmonic Patterns over thus chart.
First pattern(Orange) PRZ:- 179.10
second pattern ( Blue-Orange) PRZ:- 179.50-180
Stop loss as per this first pattern (orange one) :- 194 closing basis (stop loss is quite big so better to trade if find reversal then only)
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******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own analysis before taking any trade on them. we are not SEBI registered.
BEL given blasting 15% Return after my analysis ## Just a trade review nothing else provided the amazing analysis on BEL some weeks back, trading levels were intact, a good trader with a good setup and risk manager would have made some bucks in it for sure :), well if you liked it make sure to follow me for some motivation, so that I search more of what I am capable of doing and provide u potential good stocks + your personal setup on it = cherry on the cake :)
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➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼I don't take all the trades I post
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
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Bharat Electronics - BreakoutBEL had a wonderful breakout from its channel pattern and it may go up or shall take a small retracement, but the stock is in bullish, so give an entry with appropriate Stop loss
Aggressive traders enter at the breakout and conservative traders may give entry after retracement
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
BEL : Strong Breakout with Strong Q4 Results 🔥🔥🔥BHARAT ELECTRONICS (BEL)
About Company :
Bharat Electronics Ltd. engages in the manufacture and supply of strategic electronic products to defense services. Its products are weapon systems, radar and fire control systems, electro optics and communication, vacuum interrupters, electronic voting, telecom and SATCOM systems, semiconductor devices, microwave and transmitting tubes, solar products and systems. The company was founded on April 21, 1954 and is headquartered in Bangalore, India.
Analysis :
BEL has formed Cup & Handle kind of a chart pattern on Daily Chart and has given a strong breakout, hits over 3-year high.
Strong Q4 Results:
BEL reported a strong all-round performance in Q4FY21 despite a challenging environment. Robust order inflows at Rs 15,280 crore, up 15.8 per cent on YoY and order book at Rs 53,434 crore for the year provide good revenue visibility over the medium to long term. Also, strong balance sheet provides confidence about the continued accelerated business trajectory for the company
Looking good at CMP for further upside movement :)
Target 2 (25%) achieved. Target 3 is ON...This is follow-up on Bharat Electronics Ltd. Can check link to related ideas.
Target 2 achieved. More than 25%. Target 3 is ON.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only.
BEL - On demand of a follower :)I JUST LOVE WATCHING CHARTS DANCE THAT'S ALL :)
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🔰 {Some info}
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
<<<<<>>>>>
BEL - cup & handle Hi Friends, BEL has got perfect cup & handle patter formation.
155 is resistance, above 155.50 can be used for early entry zone to minimize our stop-loss.
But the perfect entry could be after the breakout and good volume.
Please consider this analysis for educational purpose, make sure before you go for a entry.
Thanks