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BEL: Formed Reverse Head & Shoulder Pattern
BHARAT ELECTRONICS LTD
Long
BEL: Formed Reverse Head & Shoulder Pattern
By paras0408
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Updated
Jun 12, 2023
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May 18, 2023
BEL has formed reverse Head & Shoulder Pattern and gave breakout.
Can be added around 106-108 with expected target of 120 and set Stop loss at 104.
Pattern is forming on daily chart.
Disclaimer:
This idea is only for education purpose, Please consult your financial advisor.
I am not SEBI registered.
May 18, 2023
Trade active
May 31, 2023
Trade active
First target is reached at 111. If that is broken then 115 can be next target.
Jun 5, 2023
Trade active
Resistance at 114.5 is also broken.
Jun 12, 2023
Trade closed: target reached
Successfully reached the target of 120.
BEL
bharatelectronicslimited
breakout
Head and Shoulders
reverseheadandshoulders
uptrend
paras0408
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