BEL
BEL , Long Swing Setup, Very Low on the curve, BEL , Long Swing Setup, Very Low on the curve,
- 30 min Quality Demand Zone , inside a Daily Demand Zone.
- A clean 1:5 RR Setup.
Happy Trading
Disclaimer:
Above Stock Analysis is based on Price Action , primarily on Institutional Demand and Supply .
It is for Learning and Understanding Purpose.
Even after a thorough research and Analysis a setup can fail due to any opposing News on that stock or on its Index and Market Volatility.
Hence ,kindly Take Position as per your Risk Management.
BEL - Channel Pattern break - ATH🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
Target 4 (52%) achieved in Bharat Electronic. Target 5 is ON...This is follow-up on Bharat Electronics Ltd. Can check link to related ideas.
Target 4 achieved. More than 52%. Target 5 is ON.
Chart is self explanatory. Entry, Targets and 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: Chart set up and trading strategy BEL
Observations
- the zone of 156-160 acted as resistance in March, May and June 2021
- breakout occurred in 2nd half of June
- this zone may likely see reversal of role going forward.... meaning previous resistance likely to provide support
- the zone of 180-186 saw lot of consolidation / distribution
- currently trading below the resistance zone
given the set up for any fresh Cash buying, ideally I would wait for 158-160 zone
However I would keep an alert at 169 and below 162. In case I see 168 levels being held I might consider buying 25-30% of my planned buy over there.
What if it doesn't come to those levels but goes up, Simple I wont buy and let the opportunity pass... 🙂
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Strategy for F&O
given the resistance zone around 180-186
Consider selling 190 Call option currently around 4.5
Max profit potential Rs 17100/- per lot (yield potential of approximately 12.4%) till 26 August
The strategy has an inbuilt risk cover for a rise up to 194.50
Take care & safe trading...!!!
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
#HAVELLS CMP 1046.70 Target 1216(15+%) #banknifty #nifty #equity#HAVELLS
NSE: HAVELLS
CMP 1046.70
Target 1: 1215+
SL 999
Time Frame < 2 months
Can hold the stock after booking at 1215> might rally ahead.
Factors:
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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With 💚 from Rachit Sethia
BEL :: Long :: Short Term SetupBEL has closed an all-time high and testing the resistance near 194, if crossed and sustained above 194 then it can show a good upside till 225
RSI > 60
Has taken box breakout on the daily chart
Short Term Trade Setup:
Entry: 189 to 192
SL: 182
T1 = 205
T2 = 220
Duration = 1 Month
PS: One can add this as investment stock as well for long-term
Note: This is just personal opinion, trade on your own analysis and risk appetite