BEL Trend Analysis✅Not a buy recomendation
our first entry @116 level(u can check the previous charts)
cmp 190
100%++ loading✔✔
anytime breakout possible,so
study well🙏
BEL trade ideas
BEL SWINGBEL is ready to give multi year breakout. Follow Breakout+retracement pattern and buy near 200 210 levels ready to fly for 300 target.
Buy BEL above 193.4 Breakout on Monthly chart above 193.4
CMP 186.65
Buy only after closing above 193.4 on Daily chart.
[ INTRADAY ] BEL LONG BETrisk: Reward ratio is 1: 2
Rest as per Charts
********
Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at all.
=======
I use shorthands for my trades.
“Positional” - means You can carry these positions and I do not see sharp volatility ahead.
“Intraday” -means You must close this position at any cost by the end of the day.
=======
Always follow a stop loss.
In the case of Intraday trades, it is mostly the “Low/High of the Candle”.
In the case of Positional trades, it is mostly the previous swings
********
Bharat Electronics Investment PickCheck to the chart for more detail and analysis.
Happy trading !!!
NSE:BHEL
BEL | Flag pattern - Expecting breakout above All time highBEL | Flag pattern - Expecting breakout above All time high
CMP : 189 (Dip : 180)
SL : 175
Target : Open or Atleast hold for 1:3
BEL Making Bearish Twin AB=CD on daily chart BEL potential reversal zone 190-92 CMP 184
can correct till 165
View Negated above 195 daily close
are you ready for the next momentum? because BEL is ready..!!! a good recover from bottom, may consolidate for a while but once breaks supply zone, it will be ready for the next rally.
BEL: Chart set up and trading strategy BEL
Observations
- the zone of 156-160 acted as resistance in March, May and June 2021
- breakout occurred in 2nd half of June
- this zone may likely see reversal of role going forward.... meaning previous resistance likely to provide support
- the zone of 180-186 saw lot of consolidation / distribution
- currently trading below the resistance zone
given the set up for any fresh Cash buying, ideally I would wait for 158-160 zone
However I would keep an alert at 169 and below 162. In case I see 168 levels being held I might consider buying 25-30% of my planned buy over there.
What if it doesn't come to those levels but goes up, Simple I wont buy and let the opportunity pass... 🙂
__________________________________________________________________________________________________________________
Strategy for F&O
given the resistance zone around 180-186
Consider selling 190 Call option currently around 4.5
Max profit potential Rs 17100/- per lot (yield potential of approximately 12.4%) till 26 August
The strategy has an inbuilt risk cover for a rise up to 194.50
Take care & safe trading...!!!
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
BEL | WEDGE | BREAKOUT | BUY | CHART PATTERNHere is my favorite pattern to enter into a trade, Wedge Breakout & Pullback.
1. Uptrend in BEL
2. Higher lows along the trend line
3. Breakout above the resistance
4. Tested with Pullback
5. Showing Support along the trend line again
BUY
1. Above 186 on the safer side with STOP LOSS of 2 rs
2. For Risk Takers* Accumulate till it gets Support at the trend line with STOP LOSS around 180 to 182
Target
1. Initial Swing Up to 188
2. If continuation of Breakout happens, the next target will be 195
BELBEL: Looking Good
4 Years High & Bullish Breakout Sustaining Closing/Above 193.40
Rounding Bottom Pattern Breakout Sustaining Closing/Above 193.40
Buy Above/CMP 188.80 Add Every Dip Stop-Loss 175 (Safe) 150 (Risky)
Target 200-215-230-250+++
If Fail to Sustaining the 193.40 Level then will create Cup & Handle Pattern
Add Every Dip Until 135 Stop-Loss 125 (Safe) 115 (Risky)
Target 205-250-300-350+++
Positional Call
BEL :: Long :: Short Term SetupBEL has closed an all-time high and testing the resistance near 194, if crossed and sustained above 194 then it can show a good upside till 225
RSI > 60
Has taken box breakout on the daily chart
Short Term Trade Setup:
Entry: 189 to 192
SL: 182
T1 = 205
T2 = 220
Duration = 1 Month
PS: One can add this as investment stock as well for long-term
Note: This is just personal opinion, trade on your own analysis and risk appetite
THE LIKELY MARATHON WINNER THIS OLYMPICMake no mistake about the winner this time.After the BIG MOVE from 140 to 180 in 3 session,consolidated for last 8/10 days in a band of 5-6 points!! Today reached at the upper end. Likely to break out to start its next lap.BUY>187-188,SL <181(cls) tgt-230+++. Disclaimer:This is my personal view,not a trade recommendation. Use your own discretion.
