BELBEL : CMP 154
SL of 147.10 on closing basis. Immediate target 162/ 174.
Disclaimer : This is a post for educational purpose only. Not a recommendation to invest or trade. Do your own due diligence before investing.
BEL trade ideas
BEL - cup & handle Hi Friends, BEL has got perfect cup & handle patter formation.
155 is resistance, above 155.50 can be used for early entry zone to minimize our stop-loss.
But the perfect entry could be after the breakout and good volume.
Please consider this analysis for educational purpose, make sure before you go for a entry.
Thanks
BEL Swing tradeBEL testing trendline for 3rd time
Looks bullish above 120 on Daily close basis
Thanks and regards
Vgnesh
BEL - More bull run aheadStock looks strong
Volumes looks good
can run if overhead resistance broken with good volumes
#BEL CUP & HANDLE#BEL Being in consolidation for a long time BEL formed a cup and handle pattern which helped it to break out. After breaking out, it has re-tested the demand zone and is definitely a good time to buy.
Educational purpose only - trade at your own risk.
Good luck.
Fiis buying interest seen, counter added in MSCI indexFrom momentum traders point of view:
Falling wedge pattern, don't wait for breakout if you are a aggressive trader. With Stop loss just below last buying swing of 142 go long. You will have best rr of 1:3.
From investors perspective:
Stock looks super bullish on monthly time frame with medium term targets above 195-210+ levels.
BEL - Triangle Pattern on the supportPrice forming a triangle pattern and a small break was witnessed on last session, this may be a retest of the breakout level price may climb further up as it is right on the weekly support as mentioned.
s3.tradingview.com
sell BELit has formed bearish alt BAT HARMONIC pattern. it can retrace till 0.38%-0.50% in coming days. view negated abv 161
Harmonic PatternsHarmonic Patterns in any Markets. Harmonic price patterns take geometric price patterns to the next level by using Fibonacci numbers to define precise turning points. Unlike other common trading methods, Harmonic trading attempts to predict future movements. (Investopedia)
The patterns were introduced to the trading world by Harold McKinley Gartley in 1932. Gartley created a pattern which he named after himself and outlined in his 1935 book, Profits in the Stock Market.
These patterns used for turning points or completion of one swing move.
See BEL charts Pattern completed on 19 may 2021. Price not reversed but took some time.
Anyone wants to learn may clear the doubts.
Strong retracement levels with support zoneThe price will retrace till the supply zone and will bounce back to the upper retracement level. BEL can be a good buy in future considering volumes and price according to the EMA crossover system.
BEL - A perfect breakout for target of 165-175The stock has given a Head & shoulder BO near 120 levels and then came back for retesting its BO levels and now heading towards 165-175.
BUYConsolidated over long period
Don't wait for breakout of channel
Structure looks strong
Long Volume bars
Cheap to buy on good valuation
BEL- daily chartAnalysis based on Trend line and Fibo.
Already made W pattern.
Short target1 - 165
T2- 179
My ideas on BEOLook at the channel pattern.
Buy if opens above 158.set stop at 152
Safe players can enter above162
