Long in BEL
This scrip had broke a major supply zone, restested it and now it had given a breakout from a resistance too. Reasons for buy recommendation;
1. In an uptrend for a while
2. Volumes rising with the rise in price
3. Good momentum
4. Above 21EMA
5. Breakout from the monthly Fibonacci R3
Swing traders may find this useful and consider to long this scrip with SL below supply zone.
1. In an uptrend for a while
2. Volumes rising with the rise in price
3. Good momentum
4. Above 21EMA
5. Breakout from the monthly Fibonacci R3
Swing traders may find this useful and consider to long this scrip with SL below supply zone.
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