Bharatelectronics
BEL :: Long :: Short Term SetupBEL has closed an all-time high and testing the resistance near 194, if crossed and sustained above 194 then it can show a good upside till 225
RSI > 60
Has taken box breakout on the daily chart
Short Term Trade Setup:
Entry: 189 to 192
SL: 182
T1 = 205
T2 = 220
Duration = 1 Month
PS: One can add this as investment stock as well for long-term
Note: This is just personal opinion, trade on your own analysis and risk appetite
#BharatElectronics : 3 year old rounding breakout#bharatelectronics #BEL
rounding pattern connecting more than 3 year old resistance and could be a breakout candidate.
momentum bullish and Trend indicator rising on all timeframes. Trade only on confirmation with tight stoploss.
bearish momentum divergence exit on short term.
📊 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.
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 :)
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 - 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.