📈consolidation on predefined horizontal boundaries & very strong chart even index was on sell mode. 💡Holding the trade before BO with gud setup always give u comfort. mega-breakout on the way
CMP: 245 250 acting as a stiff resistance as of now. It may show some move above 250.
Retest of breakout level completed in Bharat Electronics Limited
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...
NSE:BHARATFORG #BHARATFORG trading bullish and formed ascending triangle. Levels marked on chart for practice. Happy LEarning !! Do Check our today's results and feedback to my direct chat.
BEL is currently near the previous support zone. Stock recently gave a ATH breakout and retesting previous support zone. If it sustains this support , one can look for immediate target of 259 and new ath, Looks good for long. One can take position near 228-230 zone, with SL of 223.
📈 BEL 📉 My Findings :- 1. In Consolidation Since Last Six Months. 2. Breakout from a Swing High and Resistance Both at the same time. Bias- Long Target- 270 and 300 SL- 205 RR- 1:2 All Important Supports and Resistances are drawn in chart. All levels are on closing basis. Please have a look and revert back if you need some more study on it. Disclaimer :...
It seems a five waves impulsive wave has been concluded in the zone of 260. One should avoid fresh buy positions at these levels as there is fair possibility that stock will move in downward direction in three waves to complete the correction of the entire rise.
1. Buy or Sell at your own risk 2. Don't risk more than 1%-2% of your capital as stop loss 3. Position Size formula:- Stop Loss Amount/(Buy Price-Initial Stop Loss Price) 4. Sell on initial stop loss hit or daily RSI closing below 40 5. Some other ways to sell stocks can be a. 25% or 50% up in three weeks or less b. Weekly tailing tops with high volume c....
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...
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.
BEL - Breakout Confirmed. Cmp - 247 Buy Only Between - 185-200 SL - 160 (Monthly Closing Basis) Target - 350
BEL Strong breakout with volumes Strong Relative strength, outperforming index
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. ...
SWING TRADE-BEL Trendline Breakout Daily Time Frame-Only Education Purpose.
Breakout with high volume in Bharat Electronics Limited
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
BEL has given breakout after 5 min of consolidation. Goo