BEL
BEL -Expecting to reach the target of 150 -#Chart 1- 2021 1. MULTI YEAR RESISTANCE BREAKOUT ZONE
2. Good volumes appeared in the breakout.
3. Wait for the pull back to happen and enter. 123 -124 levels are good to enter in case there is a profit booking to happen. Delivery percentage is 13 %
4. New 52 week high.
Trade with caution. Only for educational purpose.
Thanks and regards,
Kalyan
BEL - INHS BreakoutNote: This is for educational purpose only.
There seems to be a Inverse Head & Shoulder breakout in BEL with increase in volume. Moreover, RSI above 65 indicates bullish momentum. Buy in dips till 122.5₹. SL = 105₹.
BEL Short - Huge Resistance aheadBEL has been on an uptrend from Support of 90, and recently it touched the level of 120.
120 has been a long term resistance, Only once in its lifetime the stock has successfully been able to break this level.
1. The momentum of the uptrend has fazed out after the level of 115
2. A doji candle is formed at the resistance level of 120
3. Bearish Divergence can be seen in various momentum and oscillator indicators. Eg: RSI and MACD
4. Highest Call OI is at the level of 120, followed by 125.
This analysis indicates that 120-125 is a clear supply zone for BEL.
BuyBuy in dip towards 111-109 sl 102 TGT 145-160
Disc : it's not an investment advise to buy or sell
breakout buy in BEL 🎢🎢🎢INVERSE HEAD & SHOULDER PATTERN
+
CUP & HANDLE PATTERN -
PERFECT HANDLE FORMED @ 50% RETRACED LEVEL
SCRIPT @ 52 WEEK HIGH
A BUY NEAR 123 LEVEL ON CLOSING BASIS
FOR TARGET OF 20-25 POINTS
disclaimer - for study purpose only
BEL about ti give breakout form inverted Head and shoulde patterBEL about ti give breakout form inverted Head and shoulder patter
Study of BEL(Falling wedge and 200 SMA Support)BEL was forming falling wedge type pattern
it was getting support form 200 SMA( 2 time bounced)
Entry above 98
facing resistance near 92 to 98 also 50 SMA was in this zone
by seeing volume one can clearly see that in negative day volume was drying up but
in positive day volume were good
BEL: Short and Mid term view BullishRef chart. View given based on indicators and pattern. Safe trade: Buy closing above the cup( 115) or near 103 levels
Vijayaraghavan,
Kovilpatti.
BEL FOUND "HEAD & SHOULDER" ON WEEKLY CHARTPay your attention on BEL in coming days, Weekly Close Above The Neck Line Will Create Big Shoot Up..
BEL:NSE- BEL is forming Inverse Head & Shoulder Pattern on 3D Chart.
- Adding some buy positions here and keeping a big amount left to add more on breakout of IHS Pattern.
- Break above neckline and expecting a move of 50-70% in upcoming week.
BEL Reversal at PoC [Volume Profile] + Volume Spread AnalysisShort BEL at PoC - 112
VSA - Top Reversal + Buying Climax in background
SL - Exit if day's close is above 115
BEL: Parallel Channel Breakout, Rounding Bottom, ConsolidationBOBEL: Strong Bullish
Buy above 97.5
Target : 101, 115, 145+
SL : 86
Risk is yours and Reward is too yours totally
BEL - READY TO FLY or SINK - A Symmetrical triangle is a clear cut indication of consolidation followed by a breakout. A BIG BREAKOUT...........
Note:
Avoid the stock if a big gap up or gap down is seen
Enter after the breakout happens and not before it
Do not chase the market, i.e., do not get involved in late entries
Only enter with strict stop-loss and target
This is not a recommendation and is for educational purposes only.
always follow risk-reward and quantity management for the 100% of the times
The above mentioned idea may not work, so beware of the risk you are taking
Follow me to Learn and Earn with me.
Happy Trading!!
Descending triangle pattern in BEL...Weakness in BEL
closing below 87(200 SMA) may leads to good down move
short term supply zone is 95-100(which is also fibbo level as well as recent LH)
BEL Breakout : Keep an eyeCondition: If it Breaks 118.5 on 3 Line break charts.
Buy long for target of 180 once condition is fulfilled.
Once its breaks pre-covid level, new trend will emerge
BEL : Trade SetupNSE:BEL
Hi Traders,
BEL has broken trend line and is taking support on 104.40. If this support is broken by it then it will start downward movement.
Entry and target level on chart.
**********************************************************************************************************************************
If it is helpful for you, please show your support and hit the LIKE button.
Provide some feedback below in the comment!
This would give us encouragement to keep sharing our ideas here on this platform.
###Learn To Earn###
* This analysis is educational/learning purpose only.
* Trade at your own risk.
Trade well,
**********************************************************************************************************************************
