BEL trade ideas
BEL Bullish with Head & ShoulderBEL (Bharat Electronics) looks Bullish with Head & Shoulder pattern, Buy Above 112 with SL of 107
Also RSI Bullish Divergence on hourly chart
BELOne can go short on BEL with the target of 103.85, since there is divergence in stochastic and MACD , it has also given a breakdown below a short term trendline. It has also made double top and broken the neckline on the downside.
BEl trend changeWith many PSU cmpanies like GRSE,RITES, PSU banks changing trend. This one seems ready for the next lap. CMP 118.2
Bel LongBel long on 15Min time frame.
This trade valid for 1 day.
IF the trend is not changed you can take it to another day.
long till 120 from cmpbuy for targets of 120,bullish engulfing seen on weekly charts at good support levels.. above 120 becomes a case for cup and handle breakout formation
BHARAT ELECTRIC LIMITED INVESTMENT IDEA THROUGH VOLUME PROFILINGAccording to volume profiling, BEL can see buyers at the counter while in green zone ... View invalid if close below red zone..
(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
Positional Buy Bharat ElectronicsStock has broke a long time trend line and closed above the trendline with good volume which indicates a possible shorterm uptrend for few trading sessions. Positional buy above 102 for targets of 109 & 113 in transaction + 5 days, keep SL at 96 (closing basis).
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.
BEL is giving a Swing move to 180-182BEL has closed Above 8/21/63 SMA after a good correction. Stocks should easily take 180-82 soon in my opinioin.
**Opinion is completely personal and no buy/sell decision must be taken without advice from a certified Analyst.
Bullish BEL get bullist Inverted Head & Shoulder - BuyUsing Inverted Head and Shoulder pattern for bullish continuation confirmation
Explained rest in chart
Feedback invited
Wait for the Breakout!!!!!!!!!! (BHARAT ELECTRONICS)Greetings Friends . BEL is now trading inside a Channel . If the support holds on we can see a rally up to the resistance zone again. If the market breaks the support, we can short the market. Hope y'll find this useful . G'day .
BEL - Possible GartleyBEL - Possible Gartley - To be updated later with more detail if Point C formed as per chart
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.
