BEL: Formed Reverse Head & Shoulder Pattern

Updated
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.
Trade active
Trade active
First target is reached at 111. If that is broken then 115 can be next target.
Trade active
Resistance at 114.5 is also broken.
Trade closed: target reached
Successfully reached the target of 120.
BELbharatelectronicslimitedbreakoutHead and Shouldersreverseheadandshouldersuptrend

Disclaimer