1) BEL has been trading within a channel since late 2014
2) Current week candle has broken the channel median line and trading below 26 week simple moving average
3) Could test the channel bottom.135-140 zone could be important support.
Looking forward to buying after bounce at channel bottom
Bharat Electronics has completed an A-B-C flat correction (refer to the link attached of previous post on BEL) and is headed for all time highs. If you missed the first long opportunity, then can enter again.
