Buy 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.
BEL has finally given ultimate breakout. Buy this above 95.5 and Initial Target would be 140 and More then that.
BEL 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
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.
Buy side - Conditional. . My Personal view only.
BEL CMP 95.45 In the short term the stock has the potential to move higher towards 98 / 102 / 107 93 and 88 may provide support to the stock.
Buy BEL upon a breakout above 90 T1: 94.50 T2: 100 T3: 104 SL: 85
Short BEL check chart for details
Start accumulating BEL for the long-term and add on dips up to 120.
BEL has a buy setup for a short term trade. One can buy at current levels with stoploss around 146 and Target around 170 /175. Happy Trading!!
1) BEL has been trading within a channel since late 2014 2) Current week candle has broken the channel median line and trading below 26 week simple moving average 3) Could test the channel bottom.135-140 zone could be important support. Looking forward to buying after bounce at channel bottom
Trading mates can take advantage of classical Head&shoulder breakout on the chart. It is retesting the Neckline from above now. Good Luck
The price movement are being captured beautifully by Bollinger Band and one can observe that whenever it has traded out of the band, it has given a nice opportunity to trade the reversal. We can apply the same method and short the stock by providing appropriate stop loss and look for the target of middle/lower band.