Bharat Electronics Ltd - Breakout Opportunity
تم تحديثه
Date: 28-Mar-2024
Rating: Buy - Positional Trade
LTP: Rs. 201.50
Targets: (1) Rs. 216 --> (2) Rs. 240
SL: Rs. 185
Technical View:
•
BEL is in its primary uptrend since long time and was recently going through it's secondary downtrend.
• After touching the life time high of 216.45 on 11-Mar-2024, it has retraced 17% to 179.10 level.
•BEL has broke out from its secondary down trend on 21-Mar-2024 with higher than average volume.
• RSI has crossed over 50 on 21-Mar-2024. MACD has crossed over 0 on 26-Mar-2024.
• On 28-Mar-2024 it has closed above 20 DMA.
• Looking strong to start a new swing from here.
Disclaimer: I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market.
Rating: Buy - Positional Trade
LTP: Rs. 201.50
Targets: (1) Rs. 216 --> (2) Rs. 240
SL: Rs. 185
Technical View:
•
BEL is in its primary uptrend since long time and was recently going through it's secondary downtrend.• After touching the life time high of 216.45 on 11-Mar-2024, it has retraced 17% to 179.10 level.
•
BEL has broke out from its secondary down trend on 21-Mar-2024 with higher than average volume.• RSI has crossed over 50 on 21-Mar-2024. MACD has crossed over 0 on 26-Mar-2024.
• On 28-Mar-2024 it has closed above 20 DMA.
• Looking strong to start a new swing from here.
Disclaimer: I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market.
ملاحظة
2-Apr-2024--------------
LTP: Rs. 221
1st target of Rs. 216 reached. 10% up from suggested level.
NEXT TARGET: Rs. 240
ملاحظة
23-Apr-2024-----------------
LTP: 234.35
BEL very close to 2nd target. 16% up from suggested level.
ملاحظة
25-Apr-2024-----------------
LTP: Rs. 237.60
2nd target of Rs. 240 reached. 18% up from suggested level.
Technicals are still looking good. If able to sustain above 240 level then 277 can be possible.
NEXT TARGET: Rs. 277.
أغلقت الصفقة: تم الوصول للهدف
30-Apr-2024----------------
Chart is looking bearish. Failed to cross 240 level.
Exiting and closing the call to book profit @ 233.80 (+16%).
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