BEL/BTC (Uptrend Reversal Confirmed)BINANCE: BELBTC
-BEL coin confirmed the Double Bottom reversal pattern after breaking above 50ma
-On the 1H chart, we can see a Bullish retest of previous resistance turned support
-The price is now touching the 50k sat area and might see another leg up
-This new uptrend is followed with strong volume plus the RSI is above 70 level
-Indicating strong Buyers keeping the price above average
-I don't recommend buying at market price because the risk to reward is not good
-I would rather look for another coin or wait for a proper pullback entry
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BEL
BNB. 4h. High probability of the fall to $25.The information background around BNB staking did its part and heated up the coin price very well.
When the price of BNB rose above $23.96 , the long scenario became active, which clearly worked out in our previous idea .
+ 33% for 3 days isnot so bad)
If the cost of BNB does not rise above $31.5 it will be an ideal point for a short with a stop $32.5
The first take profit should be sought around $25.
The final point of the fall is $20 . From there, this week's speed march up began. The last large and active buyers were also observed there.
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Since 2016 , we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each " like under the idea" boosts the level of our happiness by 0.05% . If we help you to be calmer and richer - help us to be happier :)
BNB 1D. Will the news about BNB staking keep off the $14 test?On 6 September, Binance announced the possibility of participating in BNB staking , which caused hype and abnormal coin buy out during the day (compared to other altcoins that day)
Users will be able to placec BNB, BUSD or ARPA in three separate BEL cultivation pools for 30 days starting from 9 September.
On 16 September, Binance will open token trading in pairs with BTC , BNB, BUSD and USDT.
Bella Protocol was created by the ARPA project team. It is positioned as an Aggregated User Interface for existing DeFi protocols. In August, Bella Protocol raised a total $4.5 million in a private token sale of 6% BEL fees. The selling price was $0.75 per coin.
Several factors to consider:
an unknown number of staking participants, the more participants the less the reward for everyone in the form of BEL coin
trades will begin as early as 16 September and it is not known what the situation will be on the crypto market, perhaps the fall will not be covered by bonuses in the form of BEL coins, since the price of future trades is not known
it is another DeFi project that can be pumped up a lot and the BEL coin will be much more expensive than the previous $0.75
staking participants can pick up their BNB coins at any time and merge in the market.
Technical analysis
An active buy out on 06.09 with high volumes did not receive support either on 07.09 or 08.09, trading volumes began to decline - it confirms the manipulative growth.
Moreover, daily candles on 06.09 and 07.09 formed a classic
reversal price pattern "Hangman".
Therefore, we believe that the long scenario only after fixing above $23.96 .
In all other cases - short , with global targets down $16.50-16.60 and $14.10-14.26.
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Since 2016, we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05% . If we help you to be calmer and richer - help us to be happier :)
BHL Long investment THIS COMPANY UNDER DEFENSE MINISTRY ,
Products- Avionics, radars, weapon systems, C4I systems, electronic voting machines, etc.
For short term or swing target 122-124 ; stop-loss - below 110
(stock become remain in strength above 115 )
For Long term target 180-190 stop-loss near 95
(stock remain in movement above 115 and breakout level is 125)
(NSE:BEL)_April_10_2019Bharat Electronics Limited is a state-owned electronic, aerospace and defence company with focus on developing and manufacturing electronic, opto-electronic, radar and C4ISR systems. The primary customers are the Indian Armed Forces, Indian Government and the Governments/ Militaries of friendly nations.
Although, the stock price has been in a state of decline since late 2017 - early 2018, the humongous order book along with assured orders, modernization of the Indian armed forces along with push for Make in India make it a very attractive buy for value investors.
Since August 2018, the stock is trading within a channel formed by the red zone in Fibonacci Retracement . As a value investor, I would have preferred to buy in the range of mid Rs.70 - low Rs.80 , however with the Moving Average lMA)ilines indicating that a trend reversal might be in the offing (bear to bull) I would likely put in an order around $90.
The stock offers a dividend of 2.09% with a P/E of about 13 and a P/B of 3, which are pretty respectable overall. From the volume analysis there seems to be strong support at low to mid Rs.70.
If the short MA (50 day, blue line) crosses the long MA (200 day, orange line) it could potentially trigger a bull rally. If this happens it would be typically after the elections with the NDA (which advocates a muscular defence policy) returning to parliament with a majority and after the May Earnings call.
The risk is that the bull run fails to develop and the stock falls to the Rs.75 zone. However, the triple bottom (pink arrows) and existing downward momentum lends to the evidence that the stock is poised to go up.
For more such analysis visit my website at advisacorp.com
BEL NOT AN INVESTMENT PICKBEL HAS BORKEN KEY LEVELS OF SUPPORT ON MONTHLY,WEEKLY
NEXT SUPPORT ZONE IS 106-91 APPROX
IF BREAKS THIS ZONE THEN IT WILL BE IN LONG TERM BEAR ZONE.
INVESTORS LOOKING TO INVEST ON THIS STOCK SHOULD REFRAIN ENTERING THIS STOCK AT THIS MOMENT. LOOK FOR ENOUGH BUY MOMENTUM ONCE IT REACHES SUPPORT ZONE TO MAKE FRESH INVESTMENT.
Bharat Electronics ( BEL ) - Technical Analysis - 9/22/2016Bharat Electronics' ( BEL ) stock is stuck between 1000 and 1400 for past one and half year. Jump from 300 to 1300 was swift but then some reality caught up. Usual market buoyancy and fertile ground for equities due to central bank policies has made the valuation part confusing. As we mentioned earlier that it is futile to fight easy money and stock market will either keep going up or consolidate until it crashes. There is no check and balance here. Anybody who is dabbling with the market must be cautious and instead of chasing, should play the established range.
In normal circumstances, a run up higher and consolidation is very bullish sign but this is not the time to bet on quick big gains. Rather trading tactic should be,
1. ) Buy puts when it breaks 1400 for the first time to cash on the pull back.
2.) A break about 1400 should be confirmed by being supported at that level but we are not keen on trading that break as of now.
3.) Drop towards 1000 support area should provide couple of good trades from long side. But always keep in mind that if that drop is due to some kind of equity meltdown then there is nothing to support the stock until 700 - 800.