BEL Short

BHARAT ELECTRONICSNSE

Description

⋅ Jun 22, 2022 4:12 AM

BEL

Picture perfect setup for short Sell

Symmetrical triangle at verge of Break down.

Two ways to play can short now @228 and add more shorts after confirmation.
or wait for break down below triangle.

Stop loss if closing again inside triangle

It's a swing to positional trade for positional targets are big.
Positional Target - 205
Swing Target - 215

#invest @vivek_mashrani @vivek_mashrani @Shorting @forextidings @Tredingview @tradingview_

Comment

⋅ Jun 28, 2022 4:26 AM

Stock never closed below Trend line need to wait formation is getting violated.

Comments

meet2018

⋅ Jul 3, 2022 1:05 PM

Can it B/O upward as it is having the long bias ?

Pro_Trader_GRV

⋅ Jul 4, 2022 6:50 AM

@meet2018, Can be a possibility.... As market seems negative to me till now not buying in long bias. Exited Short also sideways market is killing positions. Need to stay calm and do nothing.

Pro_Trader_GRV

⋅ Jul 8, 2022 7:41 AM

@Pro_Trader_GRV, I think BEL is trading in very tight range if he closes above 245 can be upside Break-out. Not in any position right, it seems risky as it's not going anywhere I will play more on downside keeping bearish sentiment if breakdowns below 225. Market moved 1200 points but BEL not showing any upside move no buying attraction but if any bad news comes it can break-down easily.