BEL trade ideas
📊 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)
Be independent trader
take charge of your own trades
Learn . Apply . Grow
******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.
BEL given blasting 15% Return after my analysis ## Just a trade review nothing else provided the amazing analysis on BEL some weeks back, trading levels were intact, a good trader with a good setup and risk manager would have made some bucks in it for sure :), well if you liked it make sure to follow me for some motivation, so that I search more of what I am capable of doing and provide u potential good stocks + your personal setup on it = cherry on the cake :)
✺----------------Drop a follow here: @Averoy_Apoorv_Analysis ✺ I post Good and potential trading ideas on daily basis on this page of mine :)
✺✺ Target: 1000 Followers ✺✺
✺--------------------------- Motivational and psychological area ✺
✣Trade only if you are in the right mindset, if you have been emotionally weak for some time, take your time and don't trade, trade with a happy and + mindset only.
✣If you want to make money, firstly be prepared to lose it, only that much which you can afford and that much by which you can make a mistake again, learn from them and grow
✣Don't lose hope and keep grinding
✣I have seen my friends on youtube streaming games with watching 10, constantly they streamed for a year or two and now they are buzzing with 1k to 2k watching daily.
✣Focus on the process, you are here to make money not stupid decisions, and lose it all
✣No one will help you climb the mountain, few will tell the path, so follow good peoples, make good mentors and make good decisions and choices in the stock market.
✣Believe in yourself :)
✺------------------------------------ Some info-------------------------- ✺
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼I don't take all the trades I post
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
<<<<<< Thank You Have a Nice Trading Day >>>>>>
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 ******
BHARAT ELECTRONICS (DAILY CHART)Looks good for the immediate target of 175 with stop loss 161 or can trail according to you. For confirmations check out volumes, MACD, RSI as well.
BEL Formed BULLISH ENGULFING CANDLE.BHARAT ELECTRONICS formed
BULLISH ENGULFING Candle on weekly charts.
company recent results were as good as the company itself.
one can buy this stock at current price.
Buy=172.
Target =222.
Stoploss = 164.
Period= positional.(long term=3months).
BEL BREAKOUTBREAKOUT OF A VERY IMPORTANT RESISTANCE ZONE. BUY FOR TARGETS OF 190. MAINTAIN A STOP LOSS OF 155.
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 :)
BEL breakoutBEL breakout, can enter now or wait for retracement , I don't keep target just trail stoploss as per you risk reward set-up.
BEL: Strong BreakoutRounding Bottom breakout for which the targets and stoploss are mentioned in the chart.
Boiling down the results,BEL expects a strong double digit growth of 15-18% in the topline. This implies revenue would cross 15000 crore with an EPS of 12 and 25% ROCE.
Which when calculated implies a P/E of 12-14 which is considered a quite cheap valuation relative to its peers. Even if the business is valued at a P/E multiple of 20, the stock should trade at 260 which is in sync with the technical target.
#TradeTheTrend#FundamentalPick#TechnicalPick#DefenseThemeBased
