BEL 294 TLBO Opportunity Analysis 2 Nov 24BEL
TLBO opportunity
Watch for possible TLBO at 294 resistance
T1 309
T2 325
T3 340
Bharatelectronicslimited
Bharat Electronics Limited (BEL) Short-bullish ViewBharat 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 FormingBHARAT 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 Short trade.
Let's see how it goes from here.
DYOR before following other's trades blindly.
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 Short Term Upside IdeaNSE: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.
