BEL ABCD Harmonics Sell PRZ - 139/142 SL - 150.1 ( Weekly Closing Basis ) Target - 121/115/108
NSE:BEL Observations: 1) On 1 day time frame, it has been trading inside parallel channel and immediate support trendline is middle line of the parallel channel. Breakout of upper trendline of parallel channel will give good up move. Please refer below chart : 1day Time Frame. 2) On 1 day time frame, if we apply the FIB levels then we can see that the...
NSE:BEL Observations: 1) On 1 day time frame, it is just at very critical support level 200. If it gets support from here then it has chance of reversal to go up again. But since last 2 days it has been taking resistance from 21DMA. Which is a sign of downtrend. So we can say, it is between support and resistance. Brekout on either side will give good move...
NSE:BEL Hi Traders, BEL has broken trend line and is taking support on 104.40. If this support is broken by it then it will start downward movement. Entry and target level on chart. ********************************************************************************************************************************** If it is helpful for you, please show your...