Nithin_24

Head and Shoulder Breakout in BEL

Nithin_24 Updated   
NSE:BEL   BHARAT ELECTRONICS
High probability Mid term investment
Enter after Retest
Set SL as shown
Set target at ATH(all time high) or Head height

--Expected Profit = 50 %
--Expected Holding = 3 months only

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⭕Technical Reasons to trade or Strategy applied :- ⭕

1) Bel has formed inverted head & shoulder Pattern
2) breakout happened & can retest
3) volume is too good
4) target is also based on resistance zones

Guys check out the related ideas as well, it will work really well GUARANTEED !
Comment:
Forms Descending triangle in lower TF. Lets wait for breakout and Enter after retest levels
Trade closed: target reached
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