vaibhavmehta611

BEL - FOURTH ATTEMPT TO BREAK THE RESISTANCE

Long
NSE:BEL   BHARAT ELECTRONICS
Price has been in a downtrend since 2018, it has already made 3 attempts to break the resistance zone but has not been successful, now price is attempting to break the resistance zone for the fourth time, also this time the resistance zone is coinciding with fibo 0.50 level, break of which can give quick movement towards 131 & 146 levels.
Note - Structure also seems Like an Inverted Head & Shoulder
Shoulder Target : 30 Points
Head Target : 60 Points
DISC : VIEWS FOR LEARNING PURPOSE ONLY
Comment: Achieved First Target all set for another move to our second target