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BEL

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.
NSE:BELShort
by Scrabbler
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!!
NSE:BEL
by FAHEEMSAM
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, **********************************************************************************************************************************
NSE:BELShort
by vimal.kr.pathak
BEL Buy @113Bharat Electronics CMP 113 Target 125/140/155++ SL 98 Time frame 1-3 months . Overview : Bharat Electronics Limited is engaged in design, manufacture and supply of electronics products/systems for the defense requirements, as well as for nondefense markets. The Company's principal products/services include weapon systems, radar and fire control systems, and communication. Its defense products include defense communication; radars; naval systems; command, control, communications, computers, and intelligence systems; weapon systems; telecom and broadcast systems; electronic warfare; electro optics, and solar photovoltaic systems. Its nondefense products include turnkey system solutions; civilian radars; e-governance systems, and homeland security. Quick Fundamentals Market cap : 27582.23 cr EPS 6.84 PE 16.55 Book Value 41.53
NSE:BELLong
by yourniveshmitra