BEL - Good buy ?
-Q3 result was good, and future expectations was also positive yesterday.
-Technically, election day low has series of strong support around 230 - 200 zone, and can act as a very very strong support, in case the stocks falls significantly. While the level of 300-310 followed by all time high of 340 can act as short term resistance.
-The recent correction has removed froth in the stock (now ~ 40P/E ratio), and looks to be the strongest stock in the Defence sector (followed by HAL).
-Technically, election day low has series of strong support around 230 - 200 zone, and can act as a very very strong support, in case the stocks falls significantly. While the level of 300-310 followed by all time high of 340 can act as short term resistance.
-The recent correction has removed froth in the stock (now ~ 40P/E ratio), and looks to be the strongest stock in the Defence sector (followed by HAL).
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.