Obswervation : Breakpit above 67 Strength : Strong Breakout. 85-86 levels Strong resistance (Above it new tradign range) View negates below 77 (on closing basis) Happy Trading
BEL Buy For 70.3 74.15 79.1 (Safe traders Exit at 78) SL 54 Note that BEL is rangebound and will visit 55 Levels for accumulation (Buy at 55 and Sell at 79, Use GTT Orders)
BUY BEL (Bharat Electronics Ltd) ABOVE 77.5
SELL BEL (Bharat Electronics Ltd) BELOW 83
facing resistance on diagonal trendline may see some dwonside
BEL (Bharat Electronics) looks Bullish with Head & Shoulder pattern, Buy Above 112 with SL of 107 Also RSI Bullish Divergence on hourly chart
Bel long on 15Min time frame. This trade valid for 1 day. IF the trend is not changed you can take it to another day.
Bharat 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...
BEL 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.
Bharat 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...
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.