indiamarketoutlook

BEL: Levels that may ring the bell...

Long
NSE:BEL   BHARAT ELECTRONICS
BEL
Closing Price 112.1

- the stock has seen a consolidation phase of 8-9 months from Sept 2018 till later half of May 2019 when it gave a breakout above the green zone

- looks good on any dips towards 104 or crossing above the yellow zone (closing above 122)

- target for the current set up 134 / 148 / 158-162

- SL if weekly closing is below 97


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