BEL trade ideas
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
BEL Breakout ! BEL has given a breakout after a period of 3 and half years of forming a base. This comes on the back of a strong results declared yesterday.
Target 2 (25%) achieved. Target 3 is ON...This is follow-up on Bharat Electronics Ltd. Can check link to related ideas.
Target 2 achieved. More than 25%. Target 3 is ON.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only.
BEL will HUNT everyoneBEL beutiful inverted cup and handle pattern mark,
level marks
stay with me
mcpriceaction
BEL | Clean Cup & Handle visual for 25% - 35% BEL | Clean Cup & Handle visual for 25% - 35%
CMP : 163 (Dip : 155)
SL : 144
Target : 190
1:3 risk reward from the dip. Consider adding 60% now remaining only in dip.
Have alreday shared weekly chart and we are going to destination, now this is just an averaging opportunity those who holding that position. Others can take new entry also based on this visual.
Reason for target - switch to weekly time frame, to spot the supply zone.
BEL - Long Idea T1 - 160, T2 - 167A lot is changing for PSU's, especially defense related stocks with second list of items being banned for export. BEL is looking strong from here on with targets of 160 and 167 next week.
BEL long for 185 targetCup and handle spotted on daily chart. One can go long for 185 ++ in 2-3 months. DCB SL 142.
Disclaimer - Holding the position
