BHARAT ELECTRONICS - Swing Trade - 7th February #stocks

BHARAT ELECTRONICS (1D TF) - Swing Trade Analysis given on 7th Feb, 2024

Pattern: FALLING WEDGE
- Back at Support / Demand Zone
- Wait for EOD candle for small RR
- Mandatory to keep SL in play

- Breakout - In Progress
- Retest & Consolidation - In Progress

#stocks #swingtrade #chartanalysis #priceaction #traderyte #BEL #stockmarket #sharemarket #viral #sharemarketindia #StockMarketindia #investment

Trade active:

BEL Update - 22nd Feb, 2024

✓ 9.3% in 12 Trading Sessions

- Initial SL of 1.7% hit (hit on 9th Feb) due to market conditions

Re-entry taken on Pullback Candle (on 14th Feb)
- 11% achieved in 7 Trading Sessions
- Both Target Levels Achieved
- TSL is On

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Trade active:

BEL Update (as of 8th March, 2024)

✓ 17% (19% - 1.7% sl) in 18 Trading Sessions

- Stock is just following price action and climbing slowly but surely
- All we are to do is to ride the trend and capitalise as much as we can
- The "Trend is your Friend"
- TSL is On