BEL Multi Time frame analysis
Updated
Daily TF, Cup and Handle, RSI taken support
Weekly TF Triangle Breakout, almost inside bar formation
Monthly TF NR 4 breakout (Jan-April) Possible target Yearly Pivot R2 140-142, that is aligning with Cup and Handle Daily TF breakout
RSI can plateau out, time to trail longs as there exits a gap at lower levels 82/83 levels. Monthly volumes are declining.
Weekly TF Triangle Breakout, almost inside bar formation
Monthly TF NR 4 breakout (Jan-April) Possible target Yearly Pivot R2 140-142, that is aligning with Cup and Handle Daily TF breakout
RSI can plateau out, time to trail longs as there exits a gap at lower levels 82/83 levels. Monthly volumes are declining.
Note
Stop loss 121 on weekly closing baisesNote
#BEL on the up moveTrade active
Keep trailing stop loss in green for partial quantity and hold rest with SL at costTrade closed manually
Trade closed: target reached
Note
125-190
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