BEL seems to have a fresh breakout and have broken the trendline resistance. Later upon correction trendline resistance acted as support and stock is moving up. Many technical analyst and market experts have bullish view on the stock. Good to go long with a closing stoploss of 87 for a target of 100/105/110/115/120.
Note
Disclaimer: Objective of this post is to educate and help all members earn profit from trading. I am not a SEBI registered analyst and strongly recommend people not to trade in NSE/BSE/MCX market basis above recommendations. All the stock picks are momentum picks chosen using technical indicators and for education purpose only. I am not responsible for profit and losses or SEBI audits arising out of the above calls. Stock market trading and investment is subject to market risks. Contact your financial advisor before taking trades or trade at your own risk.
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.