19 June 2020
BEL : CMP 80.05
Inverted Head and Shoulder pattern is completed today. The breakout candle with strong volume buying from the last 3 sessions confirms the pattern.
BEL is in the business of Aerospace and Defense manufacturing. Amid India-China stand-off in eastern Ladakh, the government is considering a proposal to buy 21 Mig 29 and 12 Sukhoi Su-30 MKI fighter aircraft from Russia, according to a government source. Please read the news on google.
Buy for target of T1 - 84.50, T2 - 91, T3 - 97.65; SL - 73
Duration - 31 Aug 2020