Bellong
BEL trying to ring the right bellsBharat Electronics is a Navratna PSU under the Ministry of Defence (Government of India). Company is also known as BEL. Company manufacture state of the art electronic product and system for the Army, Navy and the Air Force. CMP of the stock is 97.55. Negative aspect of the company is FIIs and MFs are decreasing stake. Positive aspects of the company are no debt, zero promoter pledge, improving annual net profit, and improving quarterly net profit. Entry in the stock can be taken after closing above 98.5 Target in the stock will be 103.9. Long term target in the company can be 110 and 114+. Stop Loss should be maintained at a closing below 87.
BEL/USDT 1HOUR UPDATEWelcome to this quick bel/usdt analysis.
I have tried my best to bring the best possible outcome me in this chart.
Reason of trade :- BEL/USDT Broke out and retesting the support levels.
Entry:- CMP
Traget:-
T1:- 2.023,
T2:- 2.057,
T3:- 2.111,
T4 :- 2.150,
T5:- 2.190,
Stoploss:- 1.955,
Remember:-This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Happy trading.
Sorry for my english it is not my native languages.
Do hit the like button if you like it and share your charts in the comments section.
Thank you...
BEL breakout on Weekly ChartNSE:BEL
BEL on weekly chart finally seems to be given valid breakout to major level of 118. Which looks good for short term and well as swing traders.
BEL on week of 7th December 2020 had already try to give breakout to the same level but it had face solid rejection there, after closing of the last week (14th December 2020) I can say that the supply which cause the rejection we are seeing on 7th December candle was actually absorb by the bulls and the result of the same is last weeks bullish closing which also manage to close above 118.
Do note level of 85 is become strong support for this counter for future trend and next resistance for BEL if 178 which actual a lifetime high for now and as per current trend of BEL its looks like its about to make new lifetime high.