Resistance 6/Target 6 achieved in BEL. Resistance 7 is ON.This is follow-up on Bharat Electronic. Can also check link to related ideas.
Resistance 6/Target 6 achieved. Resistance 7/Target 7 is ON as it is trading comfortably above resistance line of 278.05. Has moved more than 143% since breakout at 126.40.
Here are previous charts.
Chart is self explanatory. Entry, Resistances/Targets and Support/Trailing 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.
BEL
BEL - Ichimoku Bullish Breakout Stock Name - Bharat Electronics Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 300.
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
I hope you all like my analysis.
Please do share your thoughts into comment section.
Please give a like, it motivates me to do analysis.
BEL Bharat ElectronicsThis stock has given breakout with good intensity of volumes, also RK's mass psychological cloud suggesting upside along with buy signal.
Overall wave structure is showing that we are in impulse only, In pandemic situation also this stock has not gone too low, it has been out performer and making higher highs and higher low structure.
After completing wave 1-2 now we are in wave 3, and inside wave 3 we had completed (i)-(ii)-(iii)-(iv) and now we are in (v) it looks consolidation in wave ii of (v) has been completed and now possibly we are unfolding wave iii of (v) of bigger degree wave 3. however, iii can unfold at 284 areas. On the way down, the recent swing low can provide a good support to watchout for upcoming days, which is pegged at 223.80.
All indicators are also suggesting to go long for ride towards north.
Overall wave structure looks like this
Breakout on daily chart, with good intensity of volumes
RK's mass psychological cloud in buy mode in daily time frame, along with running in buy signal activated, along with breakout.
price challenging upper Bollinger band in daily time frame
Macd in daily positive and uptick above zero line
Macd in weekly uptick above zero line
dmi adx in daily time frame both aligned positive
RSI breakout on daily chart and now uptick above 60
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...!
Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
BHARAT ELECTRONIC LTDas in above chart B.E.L formed a triangle pattern which it further gave an breakout & as per the triangle pattern theory after giving the breakout the price will move upto the height of 1st swing of the pattern, As we can see it moved actually and we are seeing the consolidation phase in the chart which confirm us that the price will be soon be in correction phase.
-----also we can see the increasing volume , dividend(which may create a downfall in prices) and MACD C/O is about to be in coming days-----
NSE:BEL
Long BEL, Move is ON..NSE:BEL
Target 1 and Target 2 achieved in BEL. Based on current strength in the stock. target further revised.
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
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.
Will BEL Sustain ?This is 1D timeframe.
After a good bullish rally it went in a consolidation for last 3 months and now showing some strength.
1] Last day it had gave breakout from this bullish pennant pattern,
with a strong Bullish Belt Hold candlestick type.
2] It have recently gave strong rejection to bears and have formed bullish hammer at support trendline.
3] Volume increment with breakout.
It is near it's short term resistance(R1) which is at 249-252.
If this is broke by it in next coming days and give a closing, then there is high propability that it may hit it's 52 week high.
This post is for information purpose only.
BEL - Ichimoku Bullish Breakout Stock Name - Bharat Electronics Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at CMP
and more bullishness AFTER it cross the 270.
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
I hope you all like my analysis.
Please do share your thoughts into comment section.
Please give a like, it motivates me to do analysis.
Bharat Electronics Ltd. (BEL)The chart formation is worth a watch in BEL.
Key levels to watch are 250 and 260 for strong confirmation on the uptrend.
Do always keep a stop loss for your trade, preferably between 5-8%.
Also read my previous analysis on BEL...
Note: Personal analysis. Not an advise to buy/sell
For those looking to subscribe to the pro versions of Tradingview can also use my referral link below...
www.tradingview.com
BEL | Good for Long NSE:BEL
Reason for Trade : Triangle Break Out with a Green Big Candle, good Volume
Cmp : 245.5
Entry : CMP or Near 243
Stop Loss: According to one's Risk Reward ratio
#Study, Learn & Earn.
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Disclaimer: All the information posting on this page are for the educational purpose only, we are not SEBI registered financial advisor. We wont recommend any BUY/SELL of stocks. Contact your financial advisor before taking any action
Simple Trade Setup | BEL | 23-05-2022 [INTRADAY]NSE:BEL
Observations:
1) On 1day Time Frame, if we apply Fib from recent low up trend move then we can see that it is near 38.20% Fib Retracement range.
Breakout of this level of 238.15-238.35 will be buy trade opportunity for quick target of 240.
But still safe buy trade will be on breakout 240 level for positional trader.
Please refer below chart : 1day time frame.
2) On 15min Time frame, we can see kind of cup and handle pattern
Please refer below chart : 15min time frame.
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Trade Setup for 23-05-2022
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.






















