On the daily chart stock gave a Ascending Triangle pattern breakout with volume, which was the highest after Feb 20. Directional Oscillator ADX trading positive and stock also trading above parabolic SAR. Going forward stock can see upside till 87(13% upside) and downside stock is having strong support at 70.30 levels.
Comment:
Stock already 6 % up from initiation, still looking good, one can still hold the stock with sl of 72.6
Comment:
Book full profit in BEL. Stock made a high of 86.45 which was near to mentioned target of 87.