Optionstrading
#StockMarket #StockIdeas #StocktoWatch #StockToBuy #positionalBHARAT ELECTRONICS
Stock good support at around 190 levels & also stock up by 6.01% v/s NIFTY 50 down by -7.85% in last 1 month
With recent global news like sanctions on Russia and China has increased defense budget and India must follow all these must suit BEL, should raise on more orders.
Save bet to enter if it breaks the trend line just above 215/220 levels
With SL of 205 for short term and 195 for long term play.
Target will be 225-230-240
Buy for investment purpose for 25% return in near term or more
Note:
Above levels for education purposes only
Do your own analysis before taking any trade
Banknifty levels for short if war escalates furtherNSE:BANKNIFTY accoding fib extention if break 34000 lvel we ll see 33500 to 32900 level in coming week..if we further break 32400 level we ll head towards 30700 which is ultimate stop for march end to mid april . we area now below 200 SMA which negative sign...view is negated above monthly R1 level. its for educational purpose n plse consult your FA.
#BANKNIFTY View for next 2 days 🔸 Inverted Hammer in 1 HR TF in uptrend.
🔸 Evening start formation on 15 min TF
🔸 If we assume we are in ABC correction, Wave C can extend to 1.618 - 2.618 of WAVE A:- 36.451 & 35,647
🔸 The invalidation of Zig-Zag Correction will be over above 37,752
🔸 Better to avoid random longs, one is above 38K or once the WAVE C is completed.
Always trade what you see, not what you feel.
Regards,
SG