Reasons for long on BEL:
1: on BEL at a strong (level is drawn in the chart)
2: Strong ending after taking the strong support, so we can expect a good momentous long on Monday
3: The stock is above my daily fibo levels and no immediate resistances above 98.3
1: Our initial target is obviously going to be the strong resistance at 103.5 levels to the swing high of 105.4
2: Beyond them the targets are 108/110/112 based on levels and option chain. TRAIL STOP LOSS DILIGENTLY
3: As this is the 5th wave, we can expect this to be a good long
#Disclaimer: Trade with a risk reward as per your appetite, consult your financial advisor.
Will update for the correction waves post the completion of the 5th wave.
Do you still feel it will go up.
Ok liked your confidence lets watch
If this has to go up from here then why there a uncontrollable selling pressure on 13th Jul when there was news of govt taking next steps to allow 75%fpi in defence and in morning stock trying to cross 101 but some one intentionally hammered it with huge volumes and failed all's attempt to take it up.
If you observed that then no one will dare to say that it will go above 102 in neXt few days