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BHARAT ELECTRONICS LTD.BHARAT ELECTRONICS LTD.BHARAT ELECTRONICS LTD.

BHARAT ELECTRONICS LTD.

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BEL trade ideas

Higher tops and bottoms • On the weekly chart, the stock is in strong up trend forming a series of higher tops and bottoms indicating sustained up trend • This buying was accompanied with rising volumes indicating increased participation on every short term corrections • The stock is sustaining above 20, 50, 100 and 200 day SMA which reconfirm bullish sentiments • The daily and weekly strength indicator RSI signals negative crossover indicate rising strength • The above analysis indicate upside of 260-275 levels. Time is 3 to 4 weeks.
NSE:BELLong
by tusharvispute1
Simple Trade Setup | BEL | 23-05-2022 [INTRADAY]NSE:BEL Observations: 1) On 1day Time Frame, if we apply Fib from recent low up trend move then we can see that it is near 38.20% Fib Retracement range. Breakout of this level of 238.15-238.35 will be buy trade opportunity for quick target of 240. But still safe buy trade will be on breakout 240 level for positional trader. Please refer below chart : 1day time frame. 2) On 15min Time frame, we can see kind of cup and handle pattern Please refer below chart : 15min time frame. ------------------------------------- Trade Setup for 23-05-2022 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.
NSE:BEL
by Trading_hawk
Bharat Electronics breakout1. Buy or Sell at your own risk 2. Don't risk more than 1%-2% of your capital as stop loss 3. Position Size formula:- Stop Loss Amount/(Buy Price-Initial Stop Loss Price) 4. Sell on initial stop loss hit or daily RSI closing below 40 5. Some other ways to sell stocks can be a. 25% or 50% up in three weeks or less b. Weekly tailing tops with high volume c. Exhaustion gaps d. Heavy daily volume without further upside e. Largest one day price drop after a consolidation since November 2021, NSE:BEL has given a high volume breakout today. December quarterly sales were up 59% and December quarterly profit were up 114%. Buy with a stop just below Rs.216. Other fundamentals: 1. Average ROE call last 3, 5, 10 years have been greater than 15%. 2. Debt to equity at 0.00 (less than 1 is good), Interest Coverage at 559 (greater than 3 is good), FCF to CFO at 47%. 3. FII stake increased from 7.86% in June 2020 to 17.21% in December 2021. 4. press release issued on April 1 2022 states that Navratna Defence PSU Bharat Electronics Limited (BEL) has achieved a turnover of about Rs. 15000 Cr (Provisional & Unaudited), during the Financial Year 2021-22, against the previous year's turnover of Rs. 13,818 Cr, despite challenges posed by the COVID-19 pandemic and global semiconductors shortage. BEL's Order Book as on April 1, 2022, is around Rs. 57000 Cr. In the year 2021-22, BEL secured significant orders worth (approx.) Rs. 18000 Cr. Some of the major orders acquired during the year were Avionics Pack for Light Combat Aircraft (LCA), Advanced Electronic Warfare Suite for Fighter Aircraft, Instrumented Electronic Warfare Range (IEWR), Electronic Voting Machine (EVM) & Voter Verifiable Paper Audit Trail (WPAT), Cdr TI- T90 Tank, COMINT System, Radar Warning Receiver (RWR) & Missile Approach Warning System (MAWS) for C-295 Programme, Electronic Gun, IoT Gateway, etc. 5. Among the defensive stocks that are characterised by strong balance sheets, quality earnings, and reasonable growth, Bharat Electronics (BEL) offers a good value in the light of the volatility in the market and its attractive valuations. At the current market price of Rs 235, it is trading at 18 times its fiscal 2023 estimated earnings along with a dividend yield of close to 3 percent. Valuations also look reasonable in the light of improving business and growth opportunities.
NSE:BELLong
by akashbothra
Simple Trade Setup | BEL | 25-04-2022 [INTRADAY]NSE:BEL Observations: 1) On 1day time frame, we can see that it has been giving closing in range of 250-255. Breakout on any side will give good move. But since last 4 days it has been observing selling from higher levels. Please refer below chart : 1day time frame. 2) On 15min Time frame, we can see that it has been trading below support channel now but still in range of 250-255 range. We can also draw short term resistance channel. Breakdown of 250 will invite more selling and breakout of 255 with resistance channel will invite more buying. Please refer below chart : 15min time frame. ------------------------------------- Trade Setup for 25-04-2022 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.
NSE:BEL
by Trading_hawk