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srikartiram
Nov 29, 2021 3:01 PM

BEL | Trendline + Fib Support - Looks potential for 20% Long

BHARAT ELECTRONICSNSE

Description

BEL | Trendline + Fin Support - Looks potential for 20%

CMP : 197
SL : 184
Target : 230

1:3 risk reward setup
Weekly chart attached in description - It is retesting previous breakout zone.

Comment

BEL | Weekly time frame chart
Comments
mukeshsingh92
Bang... again...the same script i targetted...... BEL in last week bagged multiple orders........ and got all time biggest ever export order from AirBus.
RS_V
Thank you. I want to hold BEL and HUL for 1 year so I added both today small quantities, luckily you posted the charts today. If it they break SL what can be next downside? Can you please tell for both of them, based on the support or downside I will split my investment amount.
srikartiram
@RajaSekharVelisetti, Thank you bro.

BEL - Weak only below 160 long term
HUL - Better to exit below 2200

If taken based on the post charts, don't increase the risk simply exit with the stoploss. If market reverses after hitting stoploss don't have ego, we can enter again next day. Just brokerage is going to be only expense they are peanut in long run.
RS_V
@srikartiram, Thank you very much. I will keep in mind the points.
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