BEL - TRENDLINE RESISTANCEBEL face Resistance multiple times at the upper Trendline.
Today it gave BO, re-test is also done, heavy volume, now it may go towards 340.
For learning and educational purposes, not a trading advice.
BEL trade ideas
BEL 1D TFAs we discussed in the previous post, NSE:BEL is trading in parallel zone pattern and can break out at any moment.As nifty is also moving up from an support zone I hope the chart will move on the upside. With proper confirmations this trade could be taken with a good R:R.
The link to the previous post is attached below..
Disclaimer:- This analysis is only for educational purpose. Please always do your own analysis or consult with your financial advisor before taking any kind of trades
BEL As stated in the previous post, NSE:BEL is forming a parallel channel pattern which looks like will be broken on the upside. If the market moves upward breaking the pattern with good volume and a good bullish candle a big move could be expected.
Disclaimer:- This analysis is only for educational purpose. Please always do your own analysis or consult with your financial advisor before taking any kind of trades NSE:BEL
BEL Trying for a Reversal NSE:BEL is Trying to make a Reversal on the Daily Chart with today's heavy inflow as it's now gonna be part of the Nifty 50 which will attract more passive funds chasing it, although a breakaway gap is yet to be filled below the accumulation zone let's see if bulls can defend it a close above 315-317 Levels will confirm that they defended it and further upside can be seen.
Check out my other stock ideas below until this trade gets activated, I would love your feedback.
Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
5 Swing trading ideas for 7 November Markets I make educational content videos for swing / positional trading
VIEW ON BELBreakout on the stock
Buy on dips strategy can be used
Target 309/320
Stop loss 290
I am just representing my views
For educational purpose only.
BEL - Bullish Flag PatternBEL has given breakout of bullish flag pattern but concern is deep retracement.
Risk reward is not favorable hence we didn't trade in breakout, we will take a trade at retest, if occurred
Stock in Support Zone: BELL Bell is trading near the strong support zone of 289
The stock is down from the 52-week high of 339 by 15%.
20 EMA(black line) trails below the 50 EMA (orange line).
It has strong support around 271.
Support levels: 271, 259, 240
Resistance levels: 309, 325, 339
Break out of Trend lineWe have to observe price movements as it is good zone if it takes support from trend line move up!
BEL - Path for the futureCurrently BEL at resistance of 290
Downside trend line support near 277 - 280
Strong area of support at 265 - 268 (SL Area)
Expect 325 - 335 in coming days
Different Stages of BEL for last 10 yearsDifferent Stages of BEL for last 10 years Different Stages of BEL for last 10 years
BEL - Bharat ElectronicsNSE:BEL
BEL is strong candidate for long term investment. As per my understanding if we consider todays scenario CMP 269 S1 - 260-265 which means if stock start trading below 265 on daily chart then stoploss should be 260. Below this level next support is 220-230.
Disclaimer - Think twice before invest in market
POSSIBLE DOUBLE BOTTOM ON BELBEL on Daily chart - signs of DB with bullish div + wxyxz complex correction with z wave forming
1 hrly chart has decisive bullish div.
If prize gives a good bullish candlestick pattern, view can be comfortablely bullish till next resitance .
if it breaks , View can be bearish unless the high of red candle goes or till next support (whichever is earlier)
BEL AnalysisNSE:BEL is forming a clear parallel channel pattern in 1D TF which could be traded once broken out..
Disclaimer:- This analysis is only for educational purpose. Please always do your own analysis or consult with your financial advisor before taking any kind of trades NSE:BEL
A welcome correctionBEL CMP 283.95
This stock is in a strong bull trend. Hence this correction of 20% from the highs is a welcome opportunity. The stock has bounced back from the Fib confluence at 264/266. Currently it is taking support above the crossover of the two trendlines. This means tremendous support. Lastly, RSI testing the trendline after breaking it and also above the bull zone is very positive. Also note that the RSI is above the TWO MA Crossover point. This is again very very positive. In my view its a good buy on this correction.
ConsolidationBEL in consolidation stage till break out of ₹297-₹300.
One can see the reach up to ₹326 and further on the day close above ₹326
Disclaimer : Only for Study Purpose, Consult your Financial adviser before making decision.
BEL next possible move currently trading around 293 and expecting 300 as the first target
Once 300 is touched it will face organic resistance and then retracement
after retracement it will be ready for big move
BEL - Bullish Flag breakout on Daily Chart BEL - Bullish breakout on Daily Chart
Bullish Flag continuation pattern breakout
Just remember tringle pattern #BELFor Bharat Electronics Ltd (BEL), here are the key levels
Current Price: ₹290.50
Day’s High: ₹293.45
Day’s Low: ₹289.20
Previous Close: ₹289.85
BEL#BEL - Note to Self: VPA Analysis
Observation: Abnormal price-volume correlation. Small candle size with unusually high volume.
Insight: According to Volume Price Analysis (VPA), today's trading activity indicates seller dominance. Despite buyer interest, sellers resisted price movement.
Actionable: Monitor upcoming days for:
Confirmation of seller control
Potential reversal or continuation
Further VPA insights
#VolumePriceAnalysis #VPA #BEL #IndianStocks #TechnicalAnalysis"
BEL Stock Trendline BreakoutTrendline Breakout has been done in BEL stock.
RSI is above 50. Stochastic positive crossover and MACD also positive crossover.
Its stoploss is 272 and target is 340.
This study is for educational purpose only and not for recommendation.
First Learn Then Earn.
BEL IS LOOKING BULLISHBEL is looking bullish as its reacted from strong zone. If if closes above 295 more bullishness will be added. These all views are my personal and posting here only for educational purposes. These are not buy/sell recommendations. Better contact your personal financial advisor before go are investing into any stock.
