Bharat Electronics Limited (BEL) I am seeing short-term bullish potential in BEL. This is for educational purposes only.
BHARAT ELECTRONICS in my Watchlist! Big Short Setup Forming The last long trade from 12 April, 2023 is at its reversal point giving us a 170 gains in 518 days. If today's 1D candle turns red, this could be a good short entry for long term traders and swing traders in 1D time frame. I will update this trade post 3:30 if this candle turns red and confirms a...
STOCK TAKING SUPPORT ON RISING TREND LINE MAKING HIGHER LOW WITH HAMMER CANDLESTICK PATTERN ON DAILY AND WEEKLY CHART DIVIDEND ANNOUNCEMENT DATE IS 24TH MARCH RSI 43 Entry and SL available on chart Risk Reward ratio is1:47 educational purpose only!
The rise from 88 have been all corrective and can be marked an X wave. Currently price is taking resistance at 20 Weekly SMA and upper end of the downward sloping channel. One more up leg is not ruled out which may break the channel line temporarily. We expect the next leg down to below levels may start post completion of the upmove - 77 - 38.20% retracement...
Bharat 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,...
NSE:BEL is strongly sustained above major support of 106. My idea is to take entry at level of 106.50 with stop loss of only 2.5 Points (SL 104). Will hold till targets of 110 & 119 Note: This is my personal analysis, only for learning. Thanks.
Hanging in trendline soon going test support bands. Keep eye on it.
Buy Bharat Electronics at 163 or higher for Targets of 189 and 247 Fundamentals: High Management Efficiency with a high ROE of 17.51% Company has a low Debt to Equity ratio (avg) at 0 times Healthy long term growth as Operating profit has grown by an annual rate 18.60% Positive results in Mar 21: ROCE(HY) Highest at 26.66 %NET SALES(Q) Highest at Rs 6,917.47...
Buy BeL Target 🎯 220 because it's recently given major breakout.
Check the Before and After chart. This is the after chart.
BEL is good for short term buying, as it is giving breakout with volume. I am personally bullish on this stock for short term
The set up has completed round shape, now currently forming handle part, it usually takes 1 month. The probable retrenchment are drawn, wait for formation to get complete. On reversal if price crosses neckline (103) , It may go up to 140-150. Duration will be 8-9 week after neckline break out to reach the estimated level.
BEL has possibly completed it's correction and the current up move can be taken as a 1-2-1-2 count. Any move above the green TL would be bullish. The black TL must hold for a sustained up move.