BEL has seen a good breakout of 52 week high on daily TF after almost a consolidation of 30 days weeks with good volume on daily TF. The company has increased institutional investing, govt interest and a healthy QoQ growth for the last 3 quarters to add to strength. Good for swing traders to hold for 15 days. Entry - INR 220 (Trade Initiated) SL - (Day Low)...
I see a significant retracement Into the weekly minus Order Block and deeper. There has already been a 15m confirmation but as this is a swing trade idea I would wait for a 4h or even daily confirmation.
Entry - 216 or 222 Sl - 3% TGT - 238-244-250 or 10% from Entry price
📊 Script: BEL 📊 Sector: Aerospace & Defence 📊 Industry: Electronics - Components Key highlights: 💡⚡ 📈 Script is trading at upper band of BB. 📈 Already crossover in MACD . 📈 Double Moving Averages giving crossover. 📈 Right now RSI is around 63. 📈 One can go for Swing Trade. ⏱️ C.M.P 📑💰- 194 🟢 Target 🎯🏆 - 219 ⚠️ Stoploss ☠️🚫 - 183 ⚠️ Important: Always maintain...
Bharat Electronics has a 40% flag pole, the flag had an 18% breakout due to an order block. However, a bullish flag retest pattern has recently been formed. The original volume imbalance caused the price to return to 196. There has been another volume imbalance formed at 208, thus it is likely that price will return to 208. The stock has currently returned to a...
This post is only for educational purpose BEL's next targets are 205 &210.buying on dip advisable with the supports OF 192 & 185.
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For option traders there is perfect entry you take in this stock Entry at current price for CE call Target 270-280 in long term So choose your strick price wisely For more trade analysis comment me in this post
The defense sector is in focus, yesterday HAL gave a breakout, it is likely other defense stocks are going to carry on forward and follow HAL. BEL is a strong stock and has been consolidating in this region for a while, furthermore we can see a large volume buildup at this certain price level. The targets are attached in the chart, not a buy sell reco NSE:BEL
BEL Share going to rise in near future, stock is currently trading at 8% (approx) down from all-time highs, in March 2024 there will be defense expo, this defence stock can see a good rally.
The stock looks poised to move out of 2 week old consolidation. One may enter and hold for 210 target.
Strong Uptrend seen on chart Stock is trading in a range from one week wait for breakout of this range
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!
BEL is looking good for short term trading, making an inverse head and shoulder at 15 min timeframe, another confluence to add is that this is happening at 30 min trendline. Consolidating near 20 EMA at 1 hr timeframe
An ascending triangle pattern seems to be formed in BEL in 5m and 15m timeframe. Also BEL happens to be at the 52-week high level. Hence take call positions once price crosses 144.30 level SL would be low of the breakout candle or you can have a reasonable SL as per your study. Targets can be marked as per pivots. Happy Trading :)
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BEL has broken out for targets of 145.Chart is self-explanatory.