BEL- the diamond coming at coal prices

Jul 27

BEL has begun its downtrend and is expected to retrace to specified levels. It would be an excellent purchase if one can acquire this stock around the 270/250 levels. In the upcoming March-April period, this stock will likely reach the 400-450 levels. We recommend entering this stock at the aforementioned retracement levels. If it breaks the first level, then exit and wait for the second to minimize losses and re-enter at the lowest point.