BEL
bel long termstop loss 99.7
buy at current price
target 118
2nd target 148
Disclaimer: All posts/views are for educational purpose only..!!
Kindly contact financial advisor before taking position/decision.
SHORT : Big M Pattern Beauty of big M pattern is the good reward potential of reversing the complete trend from where it has started. We can see that stock has formed the pattern nicely and with little luck one can expect the price to the level of 90 which is a good reward. Stop Loss I leave at your discretion on your risk taking capacity.
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
BEL: Levels that may ring the bell...BEL
Closing Price 112.1
- the stock has seen a consolidation phase of 8-9 months from Sept 2018 till later half of May 2019 when it gave a breakout above the green zone
- looks good on any dips towards 104 or crossing above the yellow zone (closing above 122)
- target for the current set up 134 / 148 / 158-162
- SL if weekly closing is below 97
#BEL near reversal Zone @in_tradingviewNSE:BEL
BEL Near Reversal ZOne
115 116.5 is reversal zone
SL 118
T 112.5, 110.75, 107
BEL ShortBEL: Perfect place to short. Close to trend line for reversal.
Target: 105
Indication from today's trade details:
- Decreased in Delivery %,
- Decreased in Volume
- PCR: CALL wind-up and increased in PUT
BEL : Ringing the alarm bell for defence sectorsBEL has come out of multi week consolidation pattern. Volume on weekly breakout is high. BEL is all set for 124 level with stop loss below 101. Buy around at 109-106 range.
Note : We have already bought BEL in our portfolio.
BEL : Buy above 95.50Buy BEL above 95.50 with stop loss below 93 for target 99-103. Half hourly stochastic has turnover above signal line. It has taken support on very short term trend line.Once it crosses falling trendline, then we can expect upside move.
Medium Term Investment Pick : BELBEL has finally given ultimate breakout. Buy this above 95.5 and Initial Target would be 140 and More then that.
BEL - Treandline breakoutBEL
Trying to break the earlier high of 94
Twice within three days. Tomorrow probably it will cross.
Next targets are : 99, 110, 125
SL: 90
3 Drives Reversal with good Risk to Reward.Prices have formed nicely "3 Drives Reversal" pattern and offering a good trade at current level.
Entry 74
SL 72.5
Target 79
Risk/Reward Ratio above 3
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
