Bharat Electronics Ltd.
Chart Pattern:
- Rounding Bottom Pattern Breakout
- Price consolidating after breakout
- Price at ATH
- Price once came below the previous ATH levels, but didn't sustain even a day. Previous ATH levels now act as strong support for the price.
- Price closed yesterday at ATH after crossing the previous swing high.
Relative Strength:
-...
Bhai log yahan high chance hai market upar jayega.
bcz last day humne consolidation dekha tha.
Aaj shayad yeh stok sidhe or thoda support leke upar jayega
Buy only if it breaks my rectangle area.
NSE:BEL
Observations:
1) On 1 Day time frame, it took support from 50DMA and closed above critical level 200.
Immediate resistance is 202 level range.
today's candle gives a sign of trend reversal. We might see an upmove if tomorrow it sustain above today's high, which is above 202.50 level.
Please refer below chart : 1day Time Frame. ...
BEL ready for breakout TARGET @245
BUY @215
TARGET 250
.................................................
Rationale : As you can see it maintains a support at 200 and resistance at 212. BEL is a very good company having strong fundamentals. So the diminishing triangle is forming with Higher-LOWs and will result a breakout soon.
Long-term investors can buy...
NSE:BEL
Observations:
1) On 1 day time frame, it has been trading inside parallel channel and immediate support trendline is middle line of the parallel channel.
Breakout of upper trendline of parallel channel will give good up move.
Please refer below chart : 1day Time Frame.
2) On 1 day time frame, if we apply...
NSE:BEL
Observations:
1) On 1 day time frame, it is just at very critical support level 200. If it gets support from here then it has chance of reversal to go up again.
But since last 2 days it has been taking resistance from 21DMA. Which is a sign of downtrend.
So we can say, it is between support and resistance. Brekout on either side will give good move...
BEL
Observations:
- Head & Shoulders pattern with stock trading at neck line
Target for the current setup 187
Trading strategy that one may consider:
Buy 200 Put and
Sell 185 Put to reduce your cost
Take care & safe trading...
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this...
BEL looks good for swing and intraday players above 204. Breakout of ATH long term resistance -- retest and continuation can be seen on the daily chart.
Trend is uptrend in this stock for now so expecting a retracement near that prz zone which you watching to chart i shared. R:Ris 1:5 which is pretty good
BEL , Long Swing Setup, Very Low on the curve,
- 30 min Quality Demand Zone , inside a Daily Demand Zone.
- A clean 1:5 RR Setup.
Happy Trading
Disclaimer:
Above Stock Analysis is based on Price Action , primarily on Institutional Demand and Supply .
It is for Learning and Understanding Purpose.
Even after a thorough research and Analysis a setup can...
![BEL: Simple Trade Setup | BEL | 26-10-2021 [ INTRADAY]](https://s3.tradingview.com/a/auZ7mqg1_mid.png "Simple Trade Setup | BEL | 26-10-2021 [ INTRADAY]")
![BEL: Simple Trade Setup | BEL | 18-10-2021 [ INTRADAY & POSITIONAL]](https://s3.tradingview.com/i/IHi6QBEm_mid.png "Simple Trade Setup | BEL | 18-10-2021 [ INTRADAY & POSITIONAL]")
![BEL: Simple Trade Setup | BEL | 11-10-2021 [INTRADAY]](https://s3.tradingview.com/m/mPUZwrvg_mid.png "Simple Trade Setup | BEL | 11-10-2021 [INTRADAY]")
