Mayur_Undale

BEL 50% upside in 6 months

Long
NSE:BEL   BHARAT ELECTRONICS
Date: 19 July 2020
BEL ( CMP 98)

Rounding bottom formation taking shape since the last 6 months. I will be keenly watching this stock. Looks promising for a 50% upside if the price breaks out the resistance of 105.

Target- 125, T2- 145, T3- 160; SL- 80
Target Duration- 6 to 7 months
Target date: 31 Jan 2021

Trade active: Buy BEL it has crossed 105 price level today. The rounding bottom pattern is now confirmed.
Tradingview.com/x/KvBEBIIt
Trade active: T1 Achieved and now going towards T2
Trade active: Stay invested....BEL reached till 154.95 on 04 March 2021. Will soon it will reach the target of 160.

Comments

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