beltrade

Trading_hawk

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...

Trading_hawk

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...

Trading_hawk

NSE:BEL Observations: 1) On 1day time frame, it is sustaining above 200DMA and take support from it in friday session. 200DMA is major support at this moment. it is again back in big range. 200DMA is placed at 191 level range. Please refer below chart : 1day Time Frame. 2) On 1hr time frame, we can see a descending parallel channel. Please refer...

Trading_hawk

NSE:BEL Observations: 1) On 1 day time frame, we can see it closed just below 100EMA on daily time frame. 100EMA is placed at 202.62 level. If it trades above it the we can see bounce back from here. Immediate support is at 200 level. As per recent history, it has very low tendency to trade below 100EMA. Please refer below chart : 1day Time Frame. ...

Trading_hawk

NSE:BEL Trade Setup for 21-01-2022 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...

Trading_hawk

NSE:BEL Observations: 1) On 1 day time frame, we can see it just took support from 50DMA. 50DMA is immediate supprot and is placed at 208.57 level range. Please refer below chart : 1 day Time Frame. 2) On 15min time frame, we can see formation of double bottom pattern. Breakout level range is 211.55-212 level. If it gives breakout of this range then...

Trading_hawk

NSE:BEL Observations: 1) On 1 day time frame, it traded above 21DMA and also gave breakout of 50DMA with good volume. Immediate breakout level is at 210 Please refer below chart : 1 day Time Frame. 2) Also on 1 day time frame, it is making double bottom pattern. Please refer below chart : 1 day Time Frame. ------------------------------------- ...

Trading_hawk

NSE:BEL Trade Setup for Date: 24-12-2021 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...

Trading_hawk

NSE:BEL Observations: 1) On 1day time frame,after 2 days of trading below 50DMA it managed to closed above 50DMA but it closed just below 21DMA. 21DMA is placed at 209.02 50DMA is placed at 207.65. 50DMA will work as support now. Please refer below chart : 1day Time Frame. 2) On 1hr time frame, it made double bottom pattern. Immediate resistance is...

Trading_hawk

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. ...