Bharat Electronics (BEL) Game Over ??

Oct 9, 2020

BEL has closed below major Daily & Weekly Support, also formed head & shoulder some time back and has broken the neck line, its little late to go for sell but it is worthy. Proper position sizing and risk management is compulsory.

Oct 23, 2020

Note

BEL made low of 87.7 and for the whole 10 days it stayed at lower levels, selling call options have given gains of more than 30000/- Rs.
Sold call option of 95 and 98 has given massive gains.

Oct 29, 2020

Note

This is biggest call of mine on this forum, Single script has given more than 1 lac rs gain. For the whole month BEL traded at lower levels, Selling call options of 93/95/98 have given huge profits. Made a new low of 86.35 today when m typing this.

For me this trade is still open if today and tomorrow it closes below 87.5 (cash) for target of 77-79. High probability of this target.