Buy BEL Intraday BUY- ABOVE 130 SL 129 TARGET 131 132 133
BEL EQUITY levels ...26/04/2021 (D candle)
Once broken the fib level and pennant we can go short , don’t enter until market confirm the same
Technical analysis: . BELUSDT is in an uptrend, and the continuation of the uptrend is expected, once it will trade above supply(resistance) zone . Short term trader book profit in supply zone & enter again by using any Indicator above supply zone . There is a possibility of temporary retracement to the suggested support line. If you find this helpful and want...
Entry and Exit at Given Point are displayed.
Lvls mentioned in the chart... Buy only on breakout of this channel ~for educational purpose~
BEL looks good for a long trade. All the reasons for the trade have been explained in the video
jsw steel chart analysis for intraday and swing trading
BEL has broken out from inverted Head and Shoulder pattern with good volume. Good volume on 2ndMarch has helped to cross the neckline resistance.. The Fibonacci Extension points to a upside Target of 157/ 164 and then 186
BEL has already broken out from Cup & Handle formation. Could it possibly touch ATH? Most certainly with the push for more Make in India initiative by the goverment. Things are looking positive. Overall, Bull market is pushing the largely underperforming stocks to move to fresh 52 week highs.
This particularly, is a very good stock to buy as per my study With a good combination of technical and fundamental indications this looks a good stock. Technical aspects:- Trendline (Uptrend) Dynamic support of averages in multiple time frames Retracement levels From 0.618 Breaking a resistance. Fundamental Aspects:- Market Cap:-33200cr PE:-...
- The Fibonacci ext. shows a target of 1.618, i.e. around 170. Usually, movement of price to 1.618 is faster than the rest of the levels. - BEL trades in an uptrend. - It broke yearly resistance (in Jan 2021) and is now showing more upward movement. Buy now and sell at 146 for swing trade and ~170 for positional. Thank you.