bearish Gartley pattern formation RSI divergence, volume surge, and bearish Gartley pattern completion indicate the probability of downward movement.
the levels are marked on the chart.
BEL trade ideas
Buy at 222.1 TGT 224 and 225 SL 218Suggestions are based on my analysis only. Please do your analysis before taking any trade.
Simple Trade Setup | BEL | 11-01-2022[INTRADAY]NSE:BEL
Observations:
1) On 1 day time frame, we can see it just took support from 50DMA.
50DMA is immediate supprot and is placed at 208.57 level range.
Please refer below chart : 1 day Time Frame.
2) On 15min time frame, we can see formation of double bottom pattern.
Breakout level range is 211.55-212 level.
If it gives breakout of this range then we can see an up-move.
Please refer below chart : 15min Time Frame.
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Trade Setup for 11-01-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Mild Bullish on BEL for this quarterBharat Electronics Ltd (BEL) is a Navaratna enterprise having 37% market share in Indian Defence Electronics. BEL's core capabilities are in radar & weapons systems, defence communication & electronic warfare. Q2FY22 Revenue & PAT grew by 15% & 54% YoY led by strong execution. EBITDA margin expanded by 380bps YoY to 23.4% on account of scale benefits and lower expenses. Order back log is at Rs54,627cr (4x FY21 sales).
Simple Trade Setup | BEL | 30-12-2021[INTRADAY]NSE:BEL
Observations:
1) On 1 day time frame, it traded above 21DMA and also gave breakout of 50DMA with good volume.
Immediate breakout level is at 210
Please refer below chart : 1 day Time Frame.
2) Also on 1 day time frame, it is making double bottom pattern.
Please refer below chart : 1 day Time Frame.
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Trade Setup for Date: 30-12-2021
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Sell below 202 SL 205 TGT 199Suggestions are based on my analysis only. Please do your analysis before taking any trade.
Buy above 205.5 TGT 208.5 and 211.5 SL 202Suggestions are based on my analysis only. Please do your analysis before taking any trade.
Simple Trade Setup | BEL | 24-12-2021 [INTRADAY]NSE:BEL
Trade Setup for Date: 24-12-2021
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
SHORT BEL JAN FUTURESCMP:201.30
TGT: 185 167 144
SL:229
ABOUT MYSELF:
Certified blockchain developer ( PG Master's) from a Top Canadian University.
Bachelors in computer science (B.Tech) from a A grade university in India.
12 years of trading experience
I have developed a AI powered code that provides signals for capital markets.
Accuracy till date: 72%
DISCLAIMER:
This is not an investment advice. Just for discussion/paper trading purposes.
Need any specific share analysis? Message me on Tradingview
Yahoooo, Swing TradersDear Swing Traders, As my openion, if the triangle breaks, can buy this stock, but i am not a SEBI Registered Analyst
Simple Trade Setup | BEL | 14-12-2021 [ INTRADAY ]NSE:BEL
Observations:
1) On 1day time frame,after 2 days of trading below 50DMA it managed to closed above 50DMA but it closed just below 21DMA.
21DMA is placed at 209.02
50DMA is placed at 207.65. 50DMA will work as support now.
Please refer below chart : 1day Time Frame.
2) On 1hr time frame, it made double bottom pattern. Immediate resistance is as 210 level.
Major breakout level is at 215 level.
Please refer below chart : 1hr Time Frame.
-------------------------------------
Trade Setup for Date: 14-12-2021
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
I am giving small targets/levels for safer trade.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Swingan hour ago
Wait And Watch ??
Look for Low risk, High reward, and High Probability setups-
Things to Remember while Trading with the Trend
1. Know what the trend is.
2. The best trades are made in the direction of the trend.
3. Assume that the main trendline or moving average will hold.
4. The longer the moving average is, the better it defines the trend.
5. Wait for the pullback.
6. Don’t chase the market.
7. Don’t fight the market.
8. Even in the strongest trends there should be some retracement.
9. The closer the market is to the trendline, the better the risk/reward ratio is.
10. Use ADX to determine the strength of the trend.
11. Higher the level of ADX , the stronger the trend, below 20 consider the market to be choppy
12. Hold trades longer in a strong trend.
13. Wait for confirmation of a trendline breaking before reversing position.
14. Know where the Support levels are.
15. Place stops outside the Support levels.
Channel Pattern in BELThe stock has stuck in a channel pattern from the early of march.
It has touched the bottom of the channel and may possibly test the resistance of the channel.
BEL | Trendline + Fib Support - Looks potential for 20%BEL | Trendline + Fin Support - Looks potential for 20%
CMP : 197
SL : 184
Target : 230
1:3 risk reward setup
Weekly chart attached in description - It is retesting previous breakout zone.
WIll this be a Good Breakdown?As the price broke down with good volumes, there might be a probable further down move. Keep in mind that "Risk Management" is very important in trading.
BEL (Medium Term Study)Bharat Electronics Ltd.
Chart Pattern:
- Rounding Bottom Pattern Breakout
- Price consolidating after breakout
- Price at ATH
- Price once came below the previous ATH levels, but didn't sustain even a day. Previous ATH levels now act as strong support for the price.
- Price closed yesterday at ATH after crossing the previous swing high.
Relative Strength:
- Stock outperforming Nifty50 & its sector in 1w, 1m, 3m, 6m, 1y & 2y timeframe.
- Stock is RS+ & RS in inclined upwards.
- From the latest ARS date, the stock has outperformed the index by more than 20%
- Stock's RS History is good. In previous years, whenever stock turned RS+ it gave good returns.
Financial Performance:
- Q2 witnessed Sales growth of 123% QoQ & 15% YoY
- PBT growth stood at 4489% QoQ & 48% YoY
- EPS growth stood at 2460% QoQ & 56% YoY
- The Q2 numbers are not a turnaround. Since the company is a PSU and are manufacturers of defense items, therefore their quarterly results are cyclical in nature.
- Company's Order book as of Q2 FY21 stands at 52,148 Cr with a fresh order inflow of 1,561 Cr. These orders are for the next 4 FYs.
- As per DuPont 5 stage model. Cos. ROE is 19.2% Avg.
- Company has zero debts as of last FY and their Net block and investments are increasing YoY along with the sales & net profits.
At CMP, the stock price is around 15% away from the base of the last consolidation, so it's not overextended; it could offer a good RR in the long run. Being a PSU, this stock might be a slow grower, but it surely will be a grower. Worth keeping on a watchlist and studying thoroughly
BEL BHARAT ELECTRONICS BREAKOUTBhai log yahan high chance hai market upar jayega.
bcz last day humne consolidation dekha tha.
Aaj shayad yeh stok sidhe or thoda support leke upar jayega
Buy only if it breaks my rectangle area.
BEL TREND LINE BREAKOUT CHART BEL trendline breakout pattern seen at closing Friday session . back of very good quarter result on Monday good upward spike can seen at morning session. so i take BEL as intraday pic both fundamental as well as technical strong positive indications.
BUY @209 TARGET 215-220
Stop loss 204.50
Please make your own study and dialysis after conviction yourself then make trade at own risk .!
I wish everyone HAPPY DIWALI !
