BEL add in your watchlist if break and sustain above support line you can go for Buy.
The price movement is currently in the bullish form. At present there is a price rotation in the stock. The stock movement is very slow. The stock still can move down till 86.29 Overall the stock is in the bullish form.
Bharat electronics formed XABCD or Butterfly pattern. My trade view for this type of pattern is shorting and support levels @ 67~72
19 June 2020 BEL : CMP 80.05 Inverted Head and Shoulder pattern is completed today. The breakout candle with strong volume buying from the last 3 sessions confirms the pattern. BEL is in the business of Aerospace and Defense manufacturing. Amid India-China stand-off in eastern Ladakh, the government is considering a proposal to buy 21 Mig 29 and 12 Sukhoi Su-30...
bel retraces exactly from 0.6 fibo of 81.50 todau. making double bottom on daily tf and near to long term TL good for swing trading for target of 88
Entry point, Stoploss, and possible targets are marked in the chart. This is a positional trade. Timeframe 2-3 weeks, may come earlier as well.
BEL - Triangle pattern in the 15 Min time frame Depending upon the breakout direction can Long or Short Expecting a short position tomorrow
BEARISH ENGULFING ON DAILY CHART, LEVELS MENTION CHART
NSE:BEL Bharat Electronics buy now in range of 109 112 sl 106 T 116 119 125
NSE:BEL - BEL is making higher lows and breakout of trend line resistance can give quick up move. Script is at good zone to enter for long in range 105-102 for Target of around 123 with strict Stop loss of 100.