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
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Buying opportunity coming soon! So far made a low of 140
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Facing resistance at the channel median line
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As per our previous analysis its currently testing the channel bottom. We need to wait and watch or a bounce