This is follow-up on Bharat Electronics Ltd. Can check link to related ideas.
Target 5 achieved. More than 63%. Target 6 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....
This stock has given breakout with good intensity of volumes, also RK's mass psychological cloud suggesting upside along with buy signal.
Overall wave structure is showing that we are in impulse only, In pandemic situation also this stock has not gone too low, it has been out performer and making higher highs and higher low structure.
After completing wave 1-2...
as in above chart B.E.L formed a triangle pattern which it further gave an breakout & as per the triangle pattern theory after giving the breakout the price will move upto the height of 1st swing of the pattern, As we can see it moved actually and we are seeing the consolidation phase in the chart which confirm us that the price will be soon be in correction...
Stock Name - Bharat Electronics Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at CMP
and more bullishness AFTER it cross the 270.
#This is not Buy and Sell recommendation to any one. This is for education purpose and a...
The chart formation is worth a watch in BEL.
Key levels to watch are 250 and 260 for strong confirmation on the uptrend.
Do always keep a stop loss for your trade, preferably between 5-8%.
Also read my previous analysis on BEL...
Note: Personal analysis. Not an advise to buy/sell
For those looking to subscribe to the pro versions of Tradingview can also use...
BHARAT ELECTRONICS moving towards uptrend in Rising Wedge Pattern and also its seem like a inverted typical head & shoulder forming. so, keep concentrate for breakout confirmation. In daily chart, if price open & close above the trend line. Pattern will activate then it will move towards upward resistance.
NSE:BEL
Observations:
1) On 1day Time Frame, if we apply Fib from recent low up trend move then we can see that it is near 38.20% Fib Retracement range.
Breakout of this level of 238.15-238.35 will be buy trade opportunity for quick target of 240.
But still safe buy trade will be on breakout 240 level for positional trader.
Please refer below chart : 1day...
📈 BEL 📉
My Findings :-
1. In Consolidation Since Last Six Months.
2. Breakout from a Swing High and Resistance Both at the same time.
Bias- Long
Target- 270 and 300
SL- 205
RR- 1:2
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.
Disclaimer :...
NSE:BEL
Observations:
1) On 1day time frame, we can see that it has been giving closing in range of 250-255. Breakout on any side will give good move.
But since last 4 days it has been observing selling from higher levels.
Please refer below chart : 1day time frame.
2) On 15min Time frame, we can see that it has been trading below support channel now...
NSE:BEL shows strong buy indicated by PSAR, MACD & Fisher crossover followed by EMA & MA Crossover
Target 1: 226.55
Target 2: 232.85
Stop Loss: 217.50
𝑫𝒊𝒔𝒄𝒍𝒂𝒊𝒎𝒆𝒓:
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our...
Today, after almost 5 months of consolidation, the stock price of BEL gave a breakout above 228.
Buy zone between 228 and 240, with retracement support at 227.
Stop loss alert if price breaks below 217.
Probable target: 277.
RS is outperforming the benchmark, hence strong stock.
Note: Always define your stop-loss | Not a buy/sell recommendation, but personal analysis
NSE:BEL
Observations:
1) On 1day time frame, it is sustaining above 200DMA and take support from it in friday session. 200DMA is major support at this moment. it is again back in big range.
200DMA is placed at 191 level range.
Please refer below chart : 1day Time Frame.
2) On 1hr time frame, we can see a descending parallel channel.
Please refer...
Bharat Electronics Ltd - 25.02.2022
The stock is trading @ 200 levels
There is a SUPPORT @ 187 levels
There is a RESISTANCE @ 209 levels
The prices are at EMA
One can initiate a buy position above 202 with support @ 195
watch out for the price action
NSE:BEL
Observations:
1) On 1 day time frame, we can see it closed just below 100EMA on daily time frame.
100EMA is placed at 202.62 level.
If it trades above it the we can see bounce back from here. Immediate support is at 200 level.
As per recent history, it has very low tendency to trade below 100EMA.
Please refer below chart : 1day Time Frame. ...
![BEL: Simple Trade Setup | BEL | 23-05-2022 [INTRADAY]](https://s3.tradingview.com/q/QtmmrpQA_mid.png "Simple Trade Setup | BEL | 23-05-2022 [INTRADAY]")
![BEL: Simple Trade Setup | BEL | 25-04-2022 [INTRADAY]](https://s3.tradingview.com/c/Cweb5RDX_mid.png "Simple Trade Setup | BEL | 25-04-2022 [INTRADAY]")
![BEL: Simple Trade Setup | BEL | 28-02-2022 [INTRADAY]](https://s3.tradingview.com/4/4FWQguwM_mid.png "Simple Trade Setup | BEL | 28-02-2022 [INTRADAY]")
![BEL: Simple Trade Setup | BEL | 08-02-2022 [INTRADAY]](https://s3.tradingview.com/q/qsaaE0HP_mid.png "Simple Trade Setup | BEL | 08-02-2022 [INTRADAY]")