BEL is ready to go higher after a good bullish candle.HHHL structure at Daily time frame. Good for positional trade after any bullish candle. SL is highlighted , target is life time high, a very good positional trade.
BEL trade ideas
BEL - TrappedCurrently - Sideways
Phase Accumulation / Distribution ?
Hurdles post break out / break down 325 / 305 Targets post break out / break down 340 / 290
Plain n simple analysis
BEL - Isolated in a rangeTopic Statement: BEL is recovering from its bearish phase but faces potential resistance ahead.
Key Points:
1. The stock recently broke out of its downtrending channel, signaling a bullish recovery.
2. A reversal is possible near the 330 mark, where a double top candlestick pattern may form.
3. A recent upward gap suggests the price could retrace to fill it in the near term.
BEL - Bullish Bomb - Target # 447 and Target # 2 493 - LongBEL has a very very lofty target based on following analysis
1) Trend already revised from 61.8 % golden ration Fibonacci extension and already have had 3 breakouts already.
2) 50 DMA > 200 DMA and diverging
3) ADX > 25 and rising
4) Fibonacci retracement and Fibonacci extension shows cluster at 447 and 493 and hence highest probability of achieving these targets.
5) Price consistently trending above Supertrend (14,3) and 50 DMA
Idea for academic purpose and not recommendation for investment.
Investment Idea Bharat Electronics Limited (BEL)
BEL stock has been showing a strong uptrend over recent months, driven by consistent earnings growth and strategic government defense orders
BEL, a leader in defense electronics, is perfectly positioned to benefit from India’s growing focus on self-reliance in defense manufacturing. With a strong order book, cutting-edge R&D, and robust financials, BEL offers:
✔️ Consistent Growth: Backed by government initiatives and modernization needs.
✔️ Dividend Returns: A track record of rewarding shareholders.
✔️ Long-Term Potential: Expanding into new markets like AI and space technologies.
Invest in BEL today and watch your portfolio grow with India’s defense dreams! 🌟
#BEL #LongTermInvestment #StockMarket
BEL CMP 307 - Weekly - Formed Flag patternBEL (Bharat Electronics) CMP 307 - Weekly - Formed Flag pattern
Resistance around 309, 322
Target-1 : 340
Target-2 : 386
Bharat Electronics cmp 308 by Daily Chart viewBharat Electronics cmp 308 by Daily Chart view
- Price above EMA 14-21-50-100-200
- Volumes spiking over the past week
- Falling Resistance Trendline Breakout done
- Price Band 284 to 290 acting as Support Zone
- Stock Trading Range 265 to 309 with probable breakout attempts
- Daily Support at 295 > 281 > 265 with Resistance seen at 327 >> ATH 340.50
Turning Bullish: BELThe defense sector is turning bullish.
BEL has been trading over a tight range in a BOX PATTERN between 271 – 306 for nearly six months.
It has turned bullish for the past one week.
20 EMA crossed above 50 EMA, confirming the bullishness.
Support Levels: 271, 259, 240
Resistance Levels: 306, 309, 325, 339
Swing1.Current Price: The stock is trading at ₹307.35, up ₹9.45 (3.17%) for the day.
Trendline Breakout:
A downward sloping trendline (orange line) connecting recent lower highs was broken on the upside. This indicates a potential trend reversal to the upside.
Resistance and Support:
Resistance: The stock has crossed the immediate resistance level of ₹302 (blue line). Sustaining above this level could signal further bullishness.
Support: A key support zone is visible at ₹266.65 (orange horizontal line), which acted as a strong floor during pullbacks.
2. Volume Analysis
The volume at the bottom of the chart indicates significant participation during the breakout. Increased volume during an upward move confirms the strength of the breakout.
3. Candlestick Pattern
Recent bullish candles with higher closes and increased volumes signal strong buying interest.
There is no major bearish candlestick that would currently negate the breakout.
4. Possible Scenarios
Bullish Case:
If the stock sustains above ₹302, it can aim for higher targets, with next resistances possibly in the ₹320-330 range based on past price levels.
Positive sentiment in the defense sector, along with Bharat Electronics' leadership in electronic and defense equipment manufacturing, supports the bullish case.
Bearish Case:
If the stock fails to sustain above ₹302, it could revisit support levels near ₹266, which is a critical level for bulls to defend.
5. Conclusion
This chart suggests that BEL has entered a bullish phase after breaking out of its consolidation and downtrend. The breakout above ₹302, supported by strong volumes, indicates a higher probability of an upward trend continuation. Short-term traders can watch for further confirmation of the breakout, while long-term investors might consider accumulating on dips given the company’s strong fundamentals in the defense sector.
BEL Intraday 26Nov BEL has given good momentum and retracement.
Can be long as given in chart with SL either previous day low or 13 ema as per risk apetite.
Disclaimer: Only for entertainment purposes, not an investment advice.
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.
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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.
intraday 26th novemberbel has gone through substanial correction, it has consolidated and with nifty now consolidating is good for bel. with an upgrade , it is an intraday buy for today. bel has already gone through waves of correction post additon to nifty
buy zone 293-288 sl 286 tgt 303 -305
BEL : Rounding Bottom FormationBEL : After falling from 340, try to hold last 3 months in 265-290 level. A Rounding bottom formation suggest that the stock can move again its life time high at 340. support is immediate low 270 - 265
Disclaimer : This is my own view & only study purpose only, not any Buy or Sell recommendation.
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.
BEL - TRENDLINE RESISTANCEBEL face Resistance multiple times at the upper Trendline.
Today it gave BO, re-test is also done, heavy volume, now it may go towards 340.
For learning and educational purposes, not a trading advice.
BEL 1D TFAs we discussed in the previous post, NSE:BEL is trading in parallel zone pattern and can break out at any moment.As nifty is also moving up from an support zone I hope the chart will move on the upside. With proper confirmations this trade could be taken with a good R:R.
The link to the previous post is attached below..
Disclaimer:- This analysis is only for educational purpose. Please always do your own analysis or consult with your financial advisor before taking any kind of trades
BEL As stated in the previous post, NSE:BEL is forming a parallel channel pattern which looks like will be broken on the upside. If the market moves upward breaking the pattern with good volume and a good bullish candle a big move could be expected.
Disclaimer:- This analysis is only for educational purpose. Please always do your own analysis or consult with your financial advisor before taking any kind of trades NSE:BEL
BEL Trying for a Reversal NSE:BEL is Trying to make a Reversal on the Daily Chart with today's heavy inflow as it's now gonna be part of the Nifty 50 which will attract more passive funds chasing it, although a breakaway gap is yet to be filled below the accumulation zone let's see if bulls can defend it a close above 315-317 Levels will confirm that they defended it and further upside can be seen.
Check out my other stock ideas below until this trade gets activated, I would love your feedback.
Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
5 Swing trading ideas for 7 November Markets I make educational content videos for swing / positional trading
VIEW ON BELBreakout on the stock
Buy on dips strategy can be used
Target 309/320
Stop loss 290
I am just representing my views
For educational purpose only.
BEL - Bullish Flag PatternBEL has given breakout of bullish flag pattern but concern is deep retracement.
Risk reward is not favorable hence we didn't trade in breakout, we will take a trade at retest, if occurred
Stock in Support Zone: BELL Bell is trading near the strong support zone of 289
The stock is down from the 52-week high of 339 by 15%.
20 EMA(black line) trails below the 50 EMA (orange line).
It has strong support around 271.
Support levels: 271, 259, 240
Resistance levels: 309, 325, 339
