🟢 Simple Chart Explanation:
• BEL was moving in a healthy uptrend
• Price respected the rising trendline multiple times (buyers active)
• The ₹430–₹440 zone acted as a strong resistance earlier
• Today price gave a powerful breakout candle above this zone
• Breakout came with strong momentum, showing buyer strength
📌 Important Levels to Watch:
• New Support: ₹430–₹440
• Immediate Resistance: ₹460–₹470
• Trend Support: Rising trendline (blue line)
• Invalidation: Close below ₹425
💡 Price Action View:
• Resistance → Support flip confirmed
• Strong bullish candle near highs
• As long as price holds above breakout zone, trend remains bullish
📊 Bias:
• Bullish above ₹430
• Expect continuation or healthy consolidation before next move
⸻
⚠️ Disclaimer
This analysis is shared only for educational purposes.
I am not a SEBI-registered investment advisor.
This is not a buy or sell recommendation.
Trading and investing involve market risk.
Please do your own research or consult a SEBI-registered advisor before taking any decision.
⸻
❤️ If this chart helped you, do LIKE & SAVE it for future reference
(Daily breakout levels are very useful when saved 📌)
• BEL was moving in a healthy uptrend
• Price respected the rising trendline multiple times (buyers active)
• The ₹430–₹440 zone acted as a strong resistance earlier
• Today price gave a powerful breakout candle above this zone
• Breakout came with strong momentum, showing buyer strength
📌 Important Levels to Watch:
• New Support: ₹430–₹440
• Immediate Resistance: ₹460–₹470
• Trend Support: Rising trendline (blue line)
• Invalidation: Close below ₹425
💡 Price Action View:
• Resistance → Support flip confirmed
• Strong bullish candle near highs
• As long as price holds above breakout zone, trend remains bullish
📊 Bias:
• Bullish above ₹430
• Expect continuation or healthy consolidation before next move
⸻
⚠️ Disclaimer
This analysis is shared only for educational purposes.
I am not a SEBI-registered investment advisor.
This is not a buy or sell recommendation.
Trading and investing involve market risk.
Please do your own research or consult a SEBI-registered advisor before taking any decision.
⸻
❤️ If this chart helped you, do LIKE & SAVE it for future reference
(Daily breakout levels are very useful when saved 📌)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.