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).
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.