BelInHS formation with neckline breakout sustaining above 215 can show new 52 week high .... I m long intra too with days low as sl
BEL trade ideas
BEL WITH ROUNDING BOTTOMBEL with prior uptrend, No resistance upwards, rounding bottom, support at 30WMA and previous demand zone, RS increasing. Only for education purpose. I am not SEBI registered
Bharat Electronics Ltd - 19.11.2021Bharat Electronics Ltd - 19.11.2021
The stock is trading @ 208 levels
During the week, the stock has tested 226 levels
There is a Dark Cloud Cover in daily chart
Prices are below ema
One can initiate a sell position at current levels with support @ 212.40 levels
Watch out for price action
Buy Bharat Electronics at 163 or higherBuy 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 crPBDIT(Q) Highest at Rs 1,980.90 cr.
BEL AnalysisStock respecting its pivot levels wonderfully
Move can be on any side
Great stock to trade
Resistance Zone: 208-212
Upside Target: 219
Support Zone: 195-200
Downside Target: 187, 183.5
bel
Make in India’ government focus clear: Mgmt highlighted that 692 items have been uploaded on the Ministry of Defence indigenization portal. EOIs for 69 items have also been published under Make-II. BEL is providing test facilities to private vendors apart from participating. Company saw 13% revenue CAGR vs single-digit Defence Capital budget CAGR since indigenisation effort began in FY15. Focus again on domestic manufacturing should see this higher CAGR sustain.
Rs 558-bn order book is 4x FY21 revenues: Rs 53-bn orders have been received YTD and order book is 2% higher since Q1FY22. Rs 565 bn is the visible 3-year order flow pipeline. For FY22e, Rs 80-100 bn orders from the air force, Rs 40-50 bn from army and Rs 30-40 bn from the navy is the defence order flow potential. Rs 30-40 bn non-defence orders is incremental.
smart cities are focus areas for BEL. Rs 300-500 mn might be the annual incremental capex need, which could scale up ahead. Rs 5-6 bn is BEL’s annual capex run-rate. Company received a trial order from the Delhi Metro, which should convert to a larger order.
#Life time high break out # i am long life time high break out if close bellow then week counter to count
BELBEL looks bullish on Daily chart with the following analysis.
NOTE: DO YOUR OWN DILIGENCE BEFORE INVESTING.
1. 20 DAY EMA confirms the bullish signal on 11th Oct. which is also a breakout point in the bullish flag pattern.
2. Ichimoku Conversion line is above the Base line with the Green cloud still taking it further up.
3. MACD line is about to cross Signal Line.
4. RSI sitting at 62 Which is still a good buy sign.
5. Since the price is the all time highnad R1:214,R2:226 R3: 252 as per TA.
BEL ready for new ATHBharat Electronics BEL corrected from its recent ATH to 200 because of global market scenario.
But we can see momentum in power sector and specially PSU sector we can accept a new ath to some whare around 240-245
So by in between 200-202
Stoploss 194
Target 240-45
This is positional and short term view
Duration 1-3 months
Reverse Head and Shoulder Pattern and Raising channel breakoutBEL looks good to enter 140 to 145 for conservative entry for the target given on the chart for long term.
Let's see..
Bullish BELBuy = 195.2
SL = 186.53
TARGET = 221.21
Bullish BEL Bharat Electronics
Buy for short term
BEL Short Term Breakout TradeThe stock has previously broken out with good volumes and retested the upper trendline, the point of entry. Trade is supported by brokerage calls and Supports Nearby.
Risk Reward Ratio - 1:1.
SL is placed below multiple major support zones, and previously upper trendline & near lower Trendline. Target is placed near the swing high based on fundamentals.
Note: Earnings will be disclosed during the trade duration. If results are not up to expectations or the trendline is broken after results, it may be a better option to exit the trade.
Swing Trade A Good Trade for Swing.
its only for educational Purpose
Note:-Please consult your finance for any trade.
BhelBhel stock was near in resistance line and also impulsa move was going I think this candle will be breakout have chance
Huge Volume Spike (FLAG PATTERN)waiting for Channel Breakout , Huge Volume Spike (FLAG PATTERN inside channel)
CMP 186.00
Weekly resistance at 189.50
once Breakout happen, we can see good upside movements.
bel seems topped nowshort bel around 187 -188 with a stop loss of 190 on daily close basis. use trailing stoploss
BEL -- Chanel BreakoutAfter a Chanel breakout stock is in zone ...
Important levels : Target 230 and stop loss 177.
