tRex88

BEL study (multi year channel)

NSE:BEL   BHARAT ELECTRONICS
1) BEL has been trading within a channel since late 2014
2) Current week candle has broken the channel median line and trading below 26 week simple moving average
3) Could test the channel bottom.135-140 zone could be important support.

Looking forward to buying after bounce at channel bottom
Feb 05
Comment: Buying opportunity coming soon! So far made a low of 140
Feb 15
Comment: Facing resistance at the channel median line
Apr 16
Comment: As per our previous analysis its currently testing the channel bottom. We need to wait and watch or a bounce

Comments

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