Bharat Electronics Ltd : Comment : Hold/Start Accumulate

[K.Karthik Raja]

Bharat Electronics Ltd : Comment : Hold/Accumulate
Segment: EQ
NSE Code: BEL
Paidup Value 10 Face Value: 10
Market Lot: 1
ISIN Code :INE263A01016
Listing Date 19-JUL-2000

Bharat Electronics closed today @ 1132.35 and it has support @ 1050
levels.There is a 50% chance to test 1000/950/920 levels,if it breaks
1050 levels.All indicators showing negative divergence
for the last 3 months.Still BEL showing little weakness in respect to
volume may induce stockholders to sell the stock until it test the
downward target 1000/950/920 levels.Investors can hold/risky sell the
stock Around (1101-1044)levels with the stoploss of 1149.MACD crossed
the major level and showing negative signal.5 day RSI: 29 - no
indication from negative signal last week.14 day RSI: 26 - no
indication from the negative signal last week.
- Williams % R(14): 18 (summation factor 100)
- Average Directional Index ADX: 52
.The stock performance for the last few season as
STOCK PERFORMANCE
-1.02% in 1 Week,
-23.38% in 1 Month,
-36.55% in 1 Year.
Moving averages as follows for BEL as
SMA-7: 1124.19 SMA-13: 1176.65 SMA-26: 1280.47 SMA-50: 1415.08
SMA-200: 1725.02
EMA-12: 1165.44 EMA-26: 1263.65 EMA-50: 1396.67 EMA-200:
1616.82

Today Trading
High: 1149.45
Low: 1080.00
Open: 1080.00
Value: 9.97 Cr.
Volume: 88683 10-day
Avg. Vol: 102788
52-Week Range (Low - High) : 1044.55 - 2170.00

All long positions in the stocks should be protected with a stop loss
placed below 1040-1030 levels on a closing basis.

Guidance for Investors
Short Term : Wait
Medium Term : Hold with the stoploss of 1030
Long Term : Start Accumulate in the range (900-1150)
Potential Target : 1500(One Year)


K.Karthik Raja
www.kences1.blogspot.com