Bharat Electronics (BEL) Game Over ??

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.

Comment:

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.

Comment:

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.