Breakout in BEL on daily chartThere is Breakout in BEL on daily chart.
Crossed above 50 & 200 EMA
Next target 114-117
BEL trade ideas
Short BEL !!!As on 4 hrs chart, candles are making twizzer top pattern. For near term we can expect 100-98 level very soon.
bel share bel share trade at 109.30 tommorrow make a new high if trade below 108.20 then sell for the target of 104
thanks
SELL BELBEL can be sold part at 109.60 (CMP) & part at 113 for target of 95 closing SL above 119
#Bharat #Electronics #Nifty
BEL Short term or Intraday1) 1H Chart Broken long term resistance, consolidated and moving towards target 115
2) 1D Chart 200EMA crossed so short term positional also we can accumulate this stock on dips until 100 with SL of 90 for more details look other post of mine
BEL Positional 1) Cross over of 20EMA & 200EMA with the formation of triangle considered as Mutlibagger pattern
2) You aquire this stock between 95 to 110 SL 90 target 180/200 in 6-8 months
3) Fundamentally strong company
ROE 22.97%
Dividend Yield: 3.12 %
Debt to equity: 0.00
Reserves: 8,775 Cr.
Pledged percentage: 0.00 %
Dividend Payout Ratio: 42.98 %
Pro's
-> Company is virtually debt free
-> Stock is providing a good dividend yield of 3.12%. - High dividend-paying company
-> Company has been maintaining a healthy dividend payout of 36.76%
-> stock trades at a P/E of 13.6x and looks quite attractive at this level based on its performance parameters
Performance Review: (Rs. in crore)
Particulars Q1FY20 Q4FY19 Q1FY19 FY19 FY18
Income 2061.72 3783.32 2104.96 11854.7 10068.72
PBT 292.24 878.68 251.44 2628.34 1957.03
Tax 86.25 288.1 71.94 780.31 549.78
PAT 210.59 596.61 188.43 1886.4 1431.03
EPS (Rs.) 0.86 2.45 0.77 7.74 5.83
For FY19, BEL posted 32% higher PAT of Rs.1886.4 crore on 18% higher sales of Rs.11854.7 crore and an EPS of Rs.7.74. For Q1FY20, it posted 12% higher PAT of Rs.210.59 crore on sales of Rs.2061.72 crore and an EPS of Re.0.86. For FY19, it paid 170% interim dividend and declared 170% final dividend v/s 160% interim dividend and 40% final dividend paid in FY18.
Future projects
1) As at 1 July 2019, BEL had an order book of Rs.51715 crore, which is almost 5x its FY19 revenue and provides strong revenue visibility
2) it plans to create Centres of Excellence (CoE) in R&D and an Innovation Cell in IITM
3) operate new plants at Nimmaluru for advanced Electro-Optics and Anantapur for its Missile Seeker business besides focusing on AI based projects and indigenization
BELGood chart in this otherwise gloomy market
BEL has consolidate around 105
It remains a buy on dips with stops at 99
Abv 105 stock can move towards its intermediate tgt of 115
VERDICT : Buy on Dips
BELBEL
Stock has run up 15 pct in last four days
Let it consolidate around here
It is a bit overbought
It remains a buy on dips with stops at 98
Abv 105 stock can move towards its intermediate tgt of 115
VERDICT : Buy on Dips
BEL - FLAG FORMATION!BEL TRADED WITH GOOD VOLUMES.
THERE IS A FLAG FORMATION WITH A RESISTANCE AT 105.
THE JOURNEY WILL BE TO 108 AND 112 IN THE COMING DAYS, ONCE THE RESISTANCE IS CROSSED.
#BEL CASH : STRONG RESISTANCE 105 LEVELS#BEL CASH
27 AUG 2019
STRONG RESISTANCE IN CASH IS 105 LEVEL
SUSTAIN ABOVE 105.10
INTRADAY TGT 106.50/108
STOPLOSS 103.4
CMP 103.65
BHARAT ELECTRICALS Looking Good For Up Side...Looking Good For Up Side...
From 96-94
Support 90cb
Up Side 135+++
BEL Long Setup [Intraday]Please Consult Your Financial Advisor Before Taking Any Decision.
Educational Idea
NSE:BEL long setup on 1h zone, entry at 92.65 with 1 point SL and 2 point TP
Note: Always risk 1% of account size per trade, adjust the position size accordingly.
Bel Buy Pending 87.50 Stoploss 82.20(5.35) Target 92.85 & 98.20Bel Buy Pending 87.50 Stoploss 82.20(5.35) Target 92.85 & 98.20.
Previous Consolidation of price is now Big time support for this stock.
Idea will be cancel if not trigger within 31/07/2019
