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Explanation to Bollinger's Bands

Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.

Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.

Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation

BandWidth defines the current width of the band.
%b defines the current position within the band.

BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)

Live Samples:

Bollinger Bottleneck Buy Pattern 1
Bollinger Bottleneck Buy Pattern 2
Bollinger Bottleneck Sell Pattern

Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.

Source: http://www.bollingerbands.com

RSI low/high Values: [ 20 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of BEL.NS
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Bharat Electronics Limited stock price up 2.89% on Friday
(Updated on Jun 14, 2024)

Buy or Hold candidate since May 14, 2024 Gain 34.05% PDF

The Bharat Electronics Limited stock price gained 2.89% on the last trading day (Friday, 14th Jun 2024), rising from ₹300.90 to ₹309.60. It has now gained 8 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 2.99% from a day low at ₹301.50 to a day high of ₹310.50. The price has risen in 9 of the last 10 days and is up by 4.61% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 18 million more shares were traded than the day before. In total, 67 million shares were bought and sold for approximately ₹20.84 billion.

The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 44.49% during the next 3 months and, with a 90% probability hold a price between ₹382.18 and ₹481.96 at the end of this 3-month period.

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BEL.NS Signals & Forecast

The Bharat Electronics Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at ₹289.64 and ₹263.04. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, June 03, 2024, and so far it has fallen -2.84%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Bharat Electronics Limited stock

On the downside, the stock finds support just below today's level from accumulated volume at ₹274.15 and ₹260.35. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Bharat Electronics Limited finds support just below today's level at ₹274.15. If this is broken, then the next support from accumulated volume will be at ₹260.35 and ₹255.55.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved ₹9.00 between high and low, or 2.99%. For the last week, the stock has had daily average volatility of 3.33%.

Since the Bharat Electronics Limited has been rising for 8 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.

Our recommended stop-loss: ₹291.33 (-5.90%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 60 days ago.)

Trading Expectations (BEL.NS) For The Upcoming Trading Day Of Tuesday 18th

For the upcoming trading day on Tuesday, 18th we expect Bharat Electronics Limited to open at ₹307.20, and during the day (based on 14 day Average True Range), to move between ₹293.98 and ₹325.22, which gives a possible trading interval of +/-₹15.62 (+/-5.05%) up or down from last closing price. If Bharat Electronics Limited takes out the full calculated possible swing range there will be an estimated 10.09% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ₹318.65 (2.92%) than the support at ₹274.15 (11.45%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Bharat Electronics Limited stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Bharat Electronics Limited stock to perform well in the short-term.

Current score: 4.869 Buy Candidate Unchanged

Predicted Opening Price for Bharat Electronics Limited of Tuesday, June 18, 2024

Fair opening price June 18, 2024 Current price
₹307.20 ( 0.775%) ₹309.60

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for BEL.NS

Fibonacci Support & Resistance Levels

Level Price
R3 316.20 2.13%
R2 312.76 1.02%
R1 310.64 0.335%
Price 309.60
S1 303.76 -1.89%
S2 301.64 -2.57%
S3 298.20 -3.68%

Accumulated Volume Support & Resistance Levels

Level Price
R3 0 -
R2 0 -
R1 318.65 2.92%
Price 309.60
S1 274.15 -11.45%
S2 260.35 -15.91%
S3 255.55 -17.46%

BEL Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 22, 2024 Mar 22, 2024 Apr 14, 2024 ₹0.700 0.300%
2 Feb 09, 2024 Feb 09, 2024 Feb 28, 2024 ₹0.700 0.340%
3 Aug 17, 2023 Aug 17, 2023 Sep 25, 2023 ₹0.600 0.439%
4 Mar 24, 2023 Mar 24, 2023 Mar 24, 2023 ₹0.600 0.655%
5 Feb 10, 2023 Feb 10, 2023 Feb 10, 2023 ₹0.600 0.623%

FAQ

What is the symbol for Bharat Electronics Limited Stock and on which exchange is it traded?
The symbol for Bharat Electronics Limited is BEL.NS and it is traded on the NSE (National Stock Exchange of India).

Should I buy or sell Bharat Electronics Limited Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Bharat Electronics Limited stock to perform well in the short-term.

How to buy Bharat Electronics Limited Stock?
Bharat Electronics Limited Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Bharat Electronics Limited Stock.

What's the current price of Bharat Electronics Limited Stock?
As of the end of day on the Jun 14, 2024, the price of an Bharat Electronics Limited (BEL.NS) share was ₹309.60.

What is the 52-week high and low for Bharat Electronics Limited Stock?
The 52-week high for Bharat Electronics Limited Stock is ₹323.00 and the 52-week low is ₹117.90.

What is the market capitalization of Bharat Electronics Limited Stock?
As of the Jun 14, 2024, the market capitalization of Bharat Electronics Limited is 2.263T.

When is the next earnings date for Bharat Electronics Limited?
The upcoming earnings date for Bharat Electronics Limited is Jul 25, 2024.
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About Bharat Electronics Limited

Bharat Electronics Limited, together with its subsidiaries, designs, manufactures, supplies, and exports electronic equipment and systems for the defense and civilian markets in India and internationally. Its defense products include defense communication products, land-based radars, naval systems, electronic warfare systems, avionics, electro optics, tank and armored fighting vehicle electronic systems, weapon systems, C4I systems, shelters and ... BEL.NS Profile

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