BEL

Short BEL check chart for details

Will open a trade if it falls in my buy zone

Start accumulating BEL for the long-term and add on dips up to 120.

BEL has a buy setup for a short term trade. One can buy at current levels with stoploss around 146 and Target around 170 /175. Happy Trading!!

1) BEL has been trading within a channel since late 2014 2) Current week candle has broken the channel median line and trading below 26 week simple moving average 3) Could test the channel bottom.135-140 zone could be important support. Looking forward to buying after bounce at channel bottom

Trading mates can take advantage of classical Head&shoulder breakout on the chart. It is retesting the Neckline from above now. Good Luck

The price movement are being captured beautifully by Bollinger Band and one can observe that whenever it has traded out of the band, it has given a nice opportunity to trade the reversal. We can apply the same method and short the stock by providing appropriate stop loss and look for the target of middle/lower band.

BEL showing MACD divergence, may be a good shorting time. This is also coinciding with the trend line.

Potential short may develop in the stock as it is making higher high but RSI is not supporting it and showing divergence. Its reading is also coming out of Overbought Zone. So far it is making Wolfe Wave. As if now trade has not developed yet but one can put it into the watch list to take the appropriate action timely.

Bhart Heavy Electronics has been trading in uptrend and it closed with bearish sign and approaching channel support around 164.

It is been observed that some stocks mentioned below having great breakouts from pattern formation on daily chart indicating a high potential returns opportunity in the coming week. Buyers are in control and will take up prices quickly from here on. Bharti Airtel: Target-380, 400 SL- 350 BEL: Target -1700 SL 1500 Yes Bank: T1- 1550 SL- 1440 HERO: T1- 3450 SL- ...

Bharat Electronics has been trading in uptrend and trading at support of bullish channel, it may see upside from this level to target 1625 in near term of till expiry.

The stock is making higher high but RSI is making Lower Highs thus telling the forthcoming weakness. It has formed Evening Doji Star pattern today confirming the possible reversal. One can short the stock here with SL high of today. Fib .618 level seems a reasonable target.

Bharat Electronics has been trading in uptrend in bullish channel, it has already touched the resistance and now turned towards the support of the channel, traders may enter short with a target of 1334 as first and 1320 second target in near term.

Bharat Electronics has completed an A-B-C flat correction (refer to the link attached of previous post on BEL) and is headed for all time highs. If you missed the first long opportunity, then can enter again.

BEL is giving a Buy Setup.. One can go long on BEL with stoploss around 1180 and Targets around 1375. Could give a breakout and upmove soon. Happy Trading!! Siraj Hudda, CFTe Web: http://www.prowaveanalysis.com Skype: sirajhudda Email: contactus@prowaveanalysis.com Facebook: https://www.facebook.com/prowaveanalysis/ Twitter: ...