paras0408

BEL: Formed Reverse Head & Shoulder Pattern

Long
paras0408 Updated   
NSE:BEL   BHARAT ELECTRONICS
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.
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