BEL - Make in india military focus BEL - Make in india military focus based on Ukraine-Russia situation. Bullish setup. StopLoss of 185.5 weekly closing basis for Target 316 is too good RR
BEL trade ideas
Bharat Electronics is at very strong support zone.This support zone was a supply zone(resistance zone) back in 2017, and not it is becoming a support zone(demand zone), multiple times in a very short period of time. You can keep it on your watchlist.
BEL provides specialized electronic equipment requirements of the Indian Defence Services. It is totally debt-free company. Although after watching the FII activity in this stock, FIIs are taking very much interest after COVID-19. So, be alert.
Buy For Budget 2022Looking conversion in Daily Candle , It should be take reversal from here , and also good for budget 2022 because Something good announcement for defence sector on budget
( It only my prediction , I am not a market expert)
BEL#BEL
Price moving in the channel from long time.
Trade between the trendline.
Look for reversal candle near the support and enter.
BEL enters again secondary up trendBEL enters again secondary up trend and it break price engagement area by strong green candle
Inverse head & shoulder breakout in belInverse head & shoulder pattern has formed in bel, as per per daily chart time frame.
volumes are picking up, and rsi is also above 58, which indicates further bullishness.
This is for education only.
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 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
