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:BEL
Observations:
1) On 1 Day time frame, it took support from 50DMA and closed above critical level 200.
Immediate resistance is 202 level range.
today's candle gives a sign of trend reversal. We might see an upmove if tomorrow it sustain above today's high, which is above 202.50 level.
Please refer below chart : 1day Time Frame. ...
![BEL: Simple Trade Setup | BEL | 23-05-2022 [INTRADAY]](https://s3.tradingview.com/q/QtmmrpQA_mid.png "Simple Trade Setup | BEL | 23-05-2022 [INTRADAY]")
![BEL: Simple Trade Setup | BEL | 26-10-2021 [ INTRADAY]](https://s3.tradingview.com/a/auZ7mqg1_mid.png "Simple Trade Setup | BEL | 26-10-2021 [ INTRADAY]")