BEL
Bharat Electronic Ltd...Inverted Head and Shoulder BreakoutBEL has broken out from inverted Head and Shoulder pattern with good volume. Good volume on 2ndMarch has helped to cross the neckline resistance.. The Fibonacci Extension points to a upside Target of 157/ 164 and then 186
BEL - CUP & HANDLE BREAKOUT ALREADY!BEL has already broken out from Cup & Handle formation. Could it possibly touch ATH? Most certainly with the push for more Make in India initiative by the goverment. Things are looking positive.
Overall, Bull market is pushing the largely underperforming stocks to move to fresh 52 week highs.
BHARAT ELECTRONICS (NSE:BEL)This particularly, is a very good stock to buy as per my study
With a good combination of technical and fundamental indications this looks a good stock.
Technical aspects:-
Trendline (Uptrend)
Dynamic support of averages in multiple time frames
Retracement levels From 0.618
Breaking a resistance.
Fundamental Aspects:-
Market Cap:-33200cr
PE:- 18.5
pros:-
Company has reduced debt.
Company is almost debt free.
Company has been maintaining a healthy dividend payout of 38.45%
Cons:-
Company has high debtors of 189.26 days.
Promoter holding has decreased over last 3 years: -15.58%
BEL looking very bullish the next few weeks- The Fibonacci ext. shows a target of 1.618, i.e. around 170. Usually, movement of price to 1.618 is faster than the rest of the levels.
- BEL trades in an uptrend.
- It broke yearly resistance (in Jan 2021) and is now showing more upward movement.
Buy now and sell at 146 for swing trade and ~170 for positional.
Thank you.
BEL Long Trade (Trendline Support)Based on the price action at the trendline support, a Long trade may be planned. The previous High can be set as the short term target. If the price goes higher than the previous High then trailing Stop Loss can be used to maximize the gains. This is easier said than done. I am the absolute worst at trailing the Stop Loss :). But practice !!!
Trade is ON in Bharat Electronics (Target 1 Achieved)...This is follow-up on Orient Electric. Can check link to related ideas.
Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only.
BEL | Inverted Head & shoulder Breakout 🎯⭕ positional Trading opportunity ! Weekly Chart Alert !!! ⭕
--Buy Above =126 or CMP
--Target = 157 | 190
--Stop-loss = 105
--R:R = 3.16
--Expected Profit = 50 %
--Expected Holding = 3 months only
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⭕ Technical Reasons to trade or Strategy applied :- ⭕
1) Bel has formed inverted head & shoulder Pattern
2) breakout happened & can retest
3) volume is too good
4) target is also based on resistance zones
Guys check out the related ideas as well, it will work really well GUARANTEED !
🙏FOLLOW for more !
👍LIKE if think is useful !
✍COMMENT Below your view !
BEL BREAKOUTThe price made a resistance at the particular range several times . Today it made a breakout with high volume. Expecting 1:2 risk to reward .
Swing Setup #5, BEL - Long for the next few weeksWith proper money management and risk appetite take a trade.
Educational Purposes.
BELBEL CMP 128 could be a good buy for the target of 140- 160-190.SL is 112 Strong SL is 104. Although market in over bought so be cautious .
BEL Long(above 52 week high)Above 119
accumulation zone 104-86
we may see 124-134-143 and more if breakout with good volume
Good volume in last few session
above all important moving average
BEL Looking extremely Good for Long! Positional Trade !
BEL #BEL
Reasons:
1. Inverted Head and Shoulder Pattern
2. Above 200 DMA
Target : 185
SL : Day Candle closing below HNS neckline i.e. 112.
BHARAT ELECTRONICSIt is on the verge of an IHS breakout in weekly time frame above 112. V good support between here to 95. The Inverse Head & Shoulder upside levels are 150 / 175 / 200 over the medium term.
Preparing for a good long rallyEducational Purpose Only
Increasing Volume
Inverted Head and Shoulder
Price at Strong Resistance level
keep an eye on the resistance level, high chances to achieve the given targets. BEL will be an important stock to keep an eye on with the Indo-China issue and VocalforLocal going on.
BEL buy signal at 126 , broke its major resistanceI will look at buying BEL because :
It is at the resistance and that resistance may act as support .
It has chances of reaching lifetime high
Entry : 126
Target : 195
Stop loss : 85
🇮🇳 📊 Bel - Bharat Electronics 💡🔌🔋NSE:BEL 🇮🇳
as stock broken major resistance one can go long over this with stop loss.
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♻️Buy at CMP 126 or at retracement
♻️Target:- 167 at one can see that dash line but book your long only if find reversal otherwise just trail your sl.
🆘stop loss:- 105 closing basis
******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.
