NSE:BEL 🇮🇳 as stock broken major resistance one can go long over this with stop loss. =================================================================== ♻️Buy at CMP 126 or at retracement ♻️Target:- 167 at one can see that dash line but book your long only if find reversal otherwise just trail your sl. 🆘stop loss:- 105 closing basis...
Note: This is for educational purpose only. There seems to be a Inverse Head & Shoulder breakout in BEL with increase in volume. Moreover, RSI above 65 indicates bullish momentum. Buy in dips till 122.5₹. SL = 105₹.
- Weekly/ Swing/ Positional Idea - Near Breakout level - Risk Management - Position Sizing
CPSE index has broken the double bottom pattern with a huge volume marking it bullish, moreover it did not participate in recent bull Run. So BEL, GAIL, SAIL, CONCOR might give gd return in coming weeks. One can look for CPSE ETF also for some quick returns in coing days
Pay your attention on BEL in coming days, Weekly Close Above The Neck Line Will Create Big Shoot Up..
BEL broken out of contracting triangle and moved like a rocket. Currently in 4th Elliott wave which is corrective in nature. All bonce towards 99 short opportunity with SL 100.2 target 96.4, 95.3, 91.7, 90.90 Disclaimer: All levels pointed on chart are forecast based on mathematical Calculations or chart based technical analysis which may or may not true. This...
Note: This is for educational purpose only. There seems to be a W pattern breakout in BEL with high buying volume. RSI in daily chart is above 80 so there would be some consolidation before further upmove.
NSE:BEL Bharat Electronics buy now in range of 109 112 sl 106 T 116 119 125
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.