BEL - New high breakoutA stock that consolidated for a bit and now with the exit polls showing the ruling party is doing well..PSU momentum could continue.
Plus plenty of orders could continue to come in.
Long above 147.15 with a SL below 140.
BEL trade ideas
BEL Priceaction at Demandzonebel is at weak buying zone. But priceaction at lower timeframe. wait for levels marked to show momemtum as a conservative trade.
BEL - Breakout after nearby 3 monthsBEL - Breakout after nearby 3 months, can be a good entry point with RR of 1:3.
BEL Simple price action, formed pole & flag pattern.
Industry and Business: BEL specializes in the design, manufacture, and supply of a wide range of electronics products for various sectors, including defense.
Looks good for short term / long term investment. Trading at 138. Nearest Resistance is at 146. Keep SL at 125.
Target
175
204
235
BEL PredictionNSE:BEL
Buy - 138
Target - 147
Stop Loss - 133
Note: This is a Prediction and not a recommendation
buy belit is taking a support in previous support and expecting a nice rally from current market price
BEL Bearish ABCD HarmonicsBEL ABCD Harmonics
Sell PRZ - 139/142
SL - 150.1 ( Weekly Closing Basis )
Target - 121/115/108
Hammer in BEL, 1DNSE:BEL formed Hammer and gave closing above it.
Entry : 137.65
Target : 143.35
SL : 133
RR : 1.2
can we expect BEL to reach 127?Looks like BEL will try to reach 127 this year, just waiting for the second breakout
BEL - A Breakout Opportunity NSE:BEL
Bharat Electronics Limited is engaged in design, manufacture and supply of electronics products/systems for defense as well as for nondefense markets. The Company's principal products include weapon systems, radar and fire control systems etc.
TTM EPS: 10.72
TTM PE: 21.86
Sector PE: 30.84
Book Value Per Share: 45.45
P/B: 5.16
Face Value: 1
Mkt Cap (Rs. Cr.): 57,101
Dividend Yield: 1.71
Some Positives:
Rising Net Cash Flow and Cash from Operating activity
Company with high TTM EPS Growth
New 52 Week High
Growth in Quarterly Net Profit with increasing Profit Margin (YoY)
Company with No Debt
Increasing Revenue every quarter for the past 2 quarters
Strong cash generating ability from core business - Improving Cash Flow from operation for last 2 years
Company able to generate Net Cash - Improving Net Cash Flow for last 2 years
Book Value per share Improving for last 2 years
Company with Zero Promoter Pledge
FII / FPI or Institutions increasing their shareholding
Strong Momentum: Price above short, medium and long term moving averages
Some Negatives:
Companies with growing costs YoY for long term projects
MFs decreased their shareholding last quarter
Inefficient use of assets to generate profits - ROA declining in the last 2 years
Decline in Net Profit with falling Profit Margin (QoQ)
NOT A RECOMMENDATION. JUST FOR EDUCATION PURPOSE. Thanks
BREAKOUT IN BEL, 70% RETURNS!!!BUY - BEL
CMP - Rs. 123
Target - 1: Rs. 164
Target - 2: Rs. 209
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Technicals - Resistance Breakout
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This is just a view by an expert analyst, please invest at your own risk.
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BEL ANALYSISLong or short both side trade can be initiated according to the given levels. Trade on the basis of given level either long or short with given SL and Targets
BEL TARGET 144BEL uptrend channel breakout possible in day trend. Highly bullish day closing today. If 4hr time frame it sustains above 134 it will reach the target of 144
BEL - Weekly Chart AnalysisAfter breaking the down trendline and taking support of key moving average it tested the ATH levels and broke without any consolidation. After taking out the ATH levels it consolidated for 5 weeks with 13% range and also on low volumes. Volumes are still dried up. It has managed to close above the July's last week candle high(131.70). 1st week of august it tried but failed. and this week it managed to close but volumes are not satisfactory yet.
We would wait for at least 2 consecutive daily close above this week close or high(preferable).
If in case it manages to, then SL would be 119.5(CLBS) and possible target would be 145 & 195 both derived as per trend based fib.
Stock is cruising well above it key moving averages.
Our view stands invalid if it closes below the previous ATH zone. (106-115) which was previous resistance thus now act as a support.
Disclaimer: This is just an analysis and not a buy/sell recommendation. If you intend to trade this counter then do your own due diligence and trade at your own risk.
Cup and Handle pattern in BEL - Hourly TFA cup and handle pattern has formed in the BEL chart. Pattern is on the cusp of giving a break-out. First target is the depth of handle followed by second target which is depth of the cup.
SL is low of the handle.
Keep a lookout for Breakout Enter the trade if the candle gives closing above the resistance line on a DAILY basis.
SL can be maintained below the Breakout candle.
bel buyDisclaimer : This is my personal analysis for study purpose not intended for trading.
buy at cmp
easy tg 124.8
BEL IS COMING OUT FROM RANGEBELis breaking a rectangle
with good volume strong RSI
educational idea only
BEL: Forming Symmetrical Triangle PatternBEL is forming a Symmetrical Triangle Pattern. As per expectation breakout could happen from 129 level.
After the breakout one can enter around 129-130 level with expected target of 143. Also one should set stoploss at 126.
Pattern is forming on hourly chart.
Disclaimer:
This idea is only for education purpose, Please consult your financial advisor.
I am not SEBI registered.
BHARAT ELECTRONICS LTDHello & welcome to this analysis
Stock continues to be in an uptrend in the higher time frame with resistance in the monthly/weekly time frame near 145.
In the lower time frame its forming a wedge like structure with a small triangle. Resistance at 128.50 support at 124.
The stock has been a rank outperformer and any dips to monthly / weekly support zones would be an opportunity to buy, as well as investors could continue to do SIP in it from a long term perspective.
Happy Investing
