Simple Trade Setup | BEL | 25-04-2022 [INTRADAY]NSE:BEL
Observations:
1) On 1day time frame, we can see that it has been giving closing in range of 250-255. Breakout on any side will give good move.
But since last 4 days it has been observing selling from higher levels.
Please refer below chart : 1day time frame.
2) On 15min Time frame, we can see that it has been trading below support channel now but still in range of 250-255 range.
We can also draw short term resistance channel. Breakdown of 250 will invite more selling and breakout of 255 with resistance channel will invite more buying.
Please refer below chart : 15min time frame.
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Trade Setup for 25-04-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
BEL
BEL: POSITIONAL SETUP #CUP&HANDLE.NSE:BEL
$ Positional trade
$ chart is self-explanatory.
$ big cup and small handle formation on the chart.
- usually, a big cup with a small handle outperform
- aim for 1st target of 190.
Not a Trade Advice or Recommendation.
Do your analysis or Consult your Advisor.
YR 2022 Idea #31: Long on BEL This is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. Our objective to help anyone who wants to learn technical analysis using charts by demonstrating my real trade entries. You can post your queries in comment section here and we will try to answer them asap.
Bharat Electronics (BEL): Breakout... Now what next!!!Today, after almost 5 months of consolidation, the stock price of BEL gave a breakout above 228.
Buy zone between 228 and 240, with retracement support at 227.
Stop loss alert if price breaks below 217.
Probable target: 277.
RS is outperforming the benchmark, hence strong stock.
Note: Always define your stop-loss | Not a buy/sell recommendation, but personal analysis
#StockMarket #StockIdeas #StocktoWatch #StockToBuy #positionalBHARAT ELECTRONICS
Stock good support at around 190 levels & also stock up by 6.01% v/s NIFTY 50 down by -7.85% in last 1 month
With recent global news like sanctions on Russia and China has increased defense budget and India must follow all these must suit BEL, should raise on more orders.
Save bet to enter if it breaks the trend line just above 215/220 levels
With SL of 205 for short term and 195 for long term play.
Target will be 225-230-240
Buy for investment purpose for 25% return in near term or more
Note:
Above levels for education purposes only
Do your own analysis before taking any trade
Intraday Trade: watch for trendline breakout
buy above 220 in intraday
For stoploss in Intraday use 5 minute chart and see nearest support.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis
NOTE: For Gapup or bo before 9:20
If gapup is more than 1% from bo level than avoid completely.
if less than 1% or gives bo before 9:20 than wait for
first 5 minute candle and entry above 5 minute candle
and revised SL below candle Low.
Short Market Report 02.03.22Short market report
Both indices closed in red (though nifty posted a green candle) with a long legged dojo indicating some buying pressure. The buying pressure indeed came at the end of the trading session owing to a news of probabilities of talks between Russia and Ukraine which was confirmed by Kremlin. No one saw this coming and bears have been punished without mercy owing to the short covering its started.
The short covering this time affected put buyers more than call writers as the amount of contracts in puts just dropped off a cliff. Those call writers who went in too close being over confident by their conviction have paid the price and Banknifty just managed to get a 700 points rally.
These kind of moves have become daily affair at this point.
CHART
Gap down; both indices closed in red; green doji nifty; red doji banknifty; massive short covering after 3 pm
OC
16500-16700, 35000-35500
PCR
bearish
FII
-4338
DII
3061
FnO Data
long Build up in both indices
RSI
39; 37
ADX
26; 21
Conviction
Bullish
Bias
Bullish
TRADE
sell 35000 PE
Expect a gap up opening tomorrow if we manage not to get any bad news till market opening. Sell 35000 PE and calls above 36600
Recently, the defence sector has got a good traction and one of my good friends has the same view. HAL and BEL getting the focus as of now. These stocks can be considered for the long side with moderate risk
Simple Trade Setup | BEL | 28-02-2022 [INTRADAY]NSE:BEL
Observations:
1) On 1day time frame, it is sustaining above 200DMA and take support from it in friday session. 200DMA is major support at this moment. it is again back in big range.
200DMA is placed at 191 level range.
Please refer below chart : 1day Time Frame.
2) On 1hr time frame, we can see a descending parallel channel.
Please refer below chart : 1 hr Time Frame.
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Trade Setup for 28-02-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup | BEL | 08-02-2022 [INTRADAY]NSE:BEL
Observations:
1) On 1 day time frame, we can see it closed just below 100EMA on daily time frame.
100EMA is placed at 202.62 level.
If it trades above it the we can see bounce back from here. Immediate support is at 200 level.
As per recent history, it has very low tendency to trade below 100EMA.
Please refer below chart : 1day Time Frame.
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Trade Setup for 08-02-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup | BEL | 28-01-2022 [INTRADAY]NSE:BEL
Most of levels and trade setup remains same as previous.
Trade Setup for 28-01-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup | BEL | 27-01-2022 [INTRADAY]NSE:BEL
Trade Setup for 27-01-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup | BEL | 21-01-2022 [INTRADAY]NSE:BEL
Trade Setup for 21-01-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
BEL - A Defensive long term potential Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.