BEL bullish for tgt 192-200 -220
Updated
Bharat Electronics Ltd. is an interesting chart with following
1. Close crossing last week's high
2. Crossing above previous high for last three days and making higher highs for last 3 days
3. close within 52 week high zone
4. Stock out performing sectoral index and benchmark index both on daily and weekly time frames
5. Increasing Relative Strength
6. RSI on weekly and Monthly time frame above 60
7. Three White Soldiers on Daily chart
8. ABCD pattern under formation on weekly chart
Major Support near 172-177 zone and compulsive exit, if closes below 161
Disclaimer: I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
1. Close crossing last week's high
2. Crossing above previous high for last three days and making higher highs for last 3 days
3. close within 52 week high zone
4. Stock out performing sectoral index and benchmark index both on daily and weekly time frames
5. Increasing Relative Strength
6. RSI on weekly and Monthly time frame above 60
7. Three White Soldiers on Daily chart
8. ABCD pattern under formation on weekly chart
Major Support near 172-177 zone and compulsive exit, if closes below 161
Disclaimer: I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
Trade closed: target reached
ALL TARGETS ACHIEVED AS STOCK MADE HIGH OF 233
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.