-stock recently broke out of its inverted head and shoulders -we are crossing a crucial junction a weekly close(today) above 140 will assure us a move towards 160-165 -one can enter longs near 141-143 -enter stop near 135 -initial target near 146-147(short-term) -positional target @153-157-163
With proper money management and risk appetite take a trade. Educational Purposes.
Positional Trade ! BEL #BEL Reasons: 1. Inverted Head and Shoulder Pattern 2. Above 200 DMA Target : 185 SL : Day Candle closing below HNS neckline i.e. 112.
-stock is in an solid uptrend -not entering now will wait for a close confirmation -in the past everytime the stock moved to 139 has seen resistance -but a close above 139 has always lead to a rally towards 147-155 -so wait and wathc approach -need a daily close above 139
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