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Bharatelectronicslimited

Bharat Electronics Ltd. - Breakout OpportunityDate : 27-Nov-2024 LTP : Rs. 307.35 Targets: (T1) Rs. 323 --> (T2) Rs. 340 --> (T3) Rs. 391 SL : Rs. 281 Technical View: • NSE:BEL is in strong primary uptrend and was recently going through it's secondary downtrend within primary uptrend. • After touching the high of 340.5 on 10-Jul-2024, it has retraced 24% to 257.45 level. • NSE:BEL has breakout from it's secondary downtrend with higher than average volume on 27-Nov-2024. • NSE:BEL is trading above 20 DEMA and 50 DEMA since last few sessions. 20 DEMA has crossed over 50 DEMA on 27-Nov-2024. • RSI is in buy zone and trading at 64.48. MACD is bullish and trading at 2.36. • Both RSI and MACD are showing positive divergence. • Looking good to start a new swing from here. Like the analysis? Boost/Like this idea and follow my ID. Disclaimer: I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market. My ideas are published for learning purpose only and are available to everyone at no cost/charge.
NSE:BELLong
by vicky252
BEL Q2 Growth of 14.8% Signals Potential Breakout, Targeting 340Details: Asset: Bharat Electronics Limited (BEL) Breakout Level: Watch for technical confirmation of breakout Potential Target: 340+ Stop Loss: Below recent support levels or as per individual risk tolerance Timeframe: Short to medium-term Rationale: BEL reported a strong Q2 performance with a 14.8% growth, signaling robust financial health. This positive development increases the likelihood of a breakout, supported by improved fundamentals and investor sentiment. Market Analysis: Fundamental Support: The Q2 results showcase BEL’s continued growth trajectory, potentially attracting more interest from institutional and retail investors. Technical Setup: The stock is showing signs of consolidation, with a breakout appearing imminent. Watch for sustained movement above resistance levels. Price Target: Based on technical and fundamental analysis, the stock could reach 340+ post-breakout. Risk Management: Implement a stop loss near the recent support levels to minimize downside risks in case of a reversal. Timeframe: The move toward 340+ is expected over the short to medium term, contingent on sustained buying pressure and broader market conditions. Risk-Reward Ratio: With strong Q2 fundamentals and an imminent technical breakout, the setup offers a favorable risk-reward ratio for bullish investors. Keep an eye on the stock’s price action and volume as it approaches critical resistance levels for confirmation of the breakout.
NSE:BELLong
by CyborgTradingHub
Bharat Electronics Ltd - Breakout OpportunityDate : 7-Jun-2024 Rating : Buy - Positional Trade LTP : Rs. 283.20 Targets: (1) Rs. 323 --> (2) Rs. 380 SL : Rs. 241 on daily close basis Technical View: • NSE:BEL is in its primary uptrend and was recently going through it's secondary downtrend. • After touching the high of 323 on 3-Jun-2024, it has retraced 29% to 230 level. • On 7-Jun-2024, NSE:BEL has broke out from its secondary down trend with high volume. • Prices are trading above 20 DMA, 50 DMA and 21 DEMA. • RSI is trading at 56.80 and MACD is trading at 11.63. • Looking good to start a new swing from here. • All the above observations are noted in Daily Timeframe. Disclaimer : I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market. Ideas are published for learning purpose only.
NSE:BELLong
by vicky252
Bharat Electronics Ltd - Breakout OpportunityDate : 17-May-2024 Rating : Buy - Positional Trade LTP : Rs. 248.2 Targets: (1) Rs. 255 --> (2) Rs. 275 ++ SL : Rs. 221 on daily close basis Technical View: • NSE:BEL is in its primary uptrend and also going through it's secondary uptrend. • Within the current secondary uptrend, NSE:BEL has retraced 9% from top and again started the upward journey from 14-May onwards. • On 16-May-2024, NSE:BEL has broke out from minor down trend line and on 17-May-2024 it broke the previous 52 week high with very high volume. • On 16-May-2024, NSE:BEL has closed above 20 DMA and 21 DEMA. Since then it is trading above 20 DMA and 21 DEMA. • RSI is trading at 70.91 and MACD is trading at 4.34. • Looking strong to continue the current uptrend. Disclaimer : I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market. Ideas are published for learning purpose only.
NSE:BELLong
by vicky252
4
Bharat Electronics Ltd - Breakout OpportunityDate : 28-Mar-2024 Rating : Buy - Positional Trade LTP : Rs. 201.50 Targets: (1) Rs. 216 --> (2) Rs. 240 SL : Rs. 185 Technical View: • NSE:BEL is in its primary uptrend since long time and was recently going through it's secondary downtrend. • After touching the life time high of 216.45 on 11-Mar-2024, it has retraced 17% to 179.10 level. • NSE:BEL has broke out from its secondary down trend on 21-Mar-2024 with higher than average volume. • RSI has crossed over 50 on 21-Mar-2024. MACD has crossed over 0 on 26-Mar-2024. • On 28-Mar-2024 it has closed above 20 DMA. • Looking strong to start a new swing from here. Disclaimer : I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market.
NSE:BELLong
by vicky252
1
Bharat Electronics Ltd - Breakout OpportunityDate : 15-Feb-2024 Rating : Buy (Mid Term as well as Long Term Opportunity) LTP : Rs. 185.95 Targets: (1) Rs. 195 --> (2) Rs. 210 ++ SL : Rs. 178 Technical View: NSE:BEL has break out from its secondary down trend within primary uptrend. RSI has crossed 50 and MACD is above 0. Indicating bullish sign for coming days. Company Info: NSE:BEL is a multi-product, multi-technology, conglomerate that provides products and systems to India's armed forces in areas of Radars and fire Control Systems, Missile Systems, Communication and C4I systems, Electronic Warfare & Avionics, Naval Systems & Antisubmarine Warfare Systems, Electro Optics, Tank Electronics & Gun Upgrades, etc. Products and Services: ORA Weapon System, Lithium Ion batteries and fuel cells, Renewable Energy, Space Electronics, Network and Cyber Security, Railway and Metro. Disclaimer : I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market.
NSE:BELLong
by vicky252