BEL - Support taken at 50% fib ratioBEL has taken support at the 50% fib ratio and now might consolidate near the demand zone before giving a breakout.
BEL trade ideas
The new breakout movement in BEL!Earlier my idea on NSE:BEL was slightly bullish but as it has clearly broken out of a perspective I drew on chart of BEL previously, it shows BEL will keep moving UP!
Bullish sentiments well in place now.
BEL breakout is confirm?BEL breakout is confirm or not we can't say. but still i am bullish because of chart patterns
concern area
1. RSI
2. Results
Iske to Lagne wale h BhavThe stock is showing similar pattern of sideways movement and may be a respective fall. As the median line of the Bollinger Band of 21 period line from the above of 55 EMA. We can witness the same pattern from 29/09/2020 till 14/12/2020. The RS is also going flatten despite the green candle with a 2 day volume. Its trading near to its support levels.
BEL May give breaks out based on CUP&Handle pattern-24% ReturnBEL has formed CUP in uptrend, if properly consolidates in the range of 145~155 in order to form handle in next few days and gives a breakout above 155 with good volumes,next target 190 can be achieved.
The price has turned up after double top formation & price correction and RSI taking support at 60.
SL can be taken 140, Risk to Reward 1:2.
Entry to be taken only if above handle formation and breaks out happen.
BEL ( For Education Purpose Only ) : BULLISH TRENDBEL seems in a bullish trend with a breakout from inverted head and shoulders pattern. (as well as a W pattern)
One can buy BEL for a short term target of minimum 180.
And 160 target for a swing trade.
The major strong support is around 121-122, you can use this as a stoploss.
Rest have a look at the chart you'll understand well.
Please consult your financial advisor before buying the stock.
BEL LongCMP: 138. Breakout with Volumes, RSI on Daily,Weekly & Monthly above 60. Target 155 - 190.
Key risks: Max Pain is bearish at 130 and PCR is 0.42
Key Levels to watch for: Rs 140, 146
Inverted Head and Shoulder Pattern Formed on Bharat Electronics The Inverted Head and Shoulder Pattern Formed on Bharat Electronics on the weekly chart and the super trend also showing the buy signal
Currently Stock is at major resistance , if it is broken with good volume it will give some good upside move in the upcoming weeks
Note - This is For Educational Purpose
Expecting a correction in BEL before starting a Bull Run!NSE:BEL has been running incessantly since March '20. The correction in time and price is expected. Overall I see Bullish sentiments in BEL in long run.
BEL Weekly Head And ShoulderBEL Formed Head and Shoulder pattern
we can look for the head height as target
BHARAT ELECTRONICS LTD (LONG)BEL
TIME FRAME - WEEKLY
TREND - UPWARD
BUYING ZONE - AT CMP OR AT BLUE LINE
TARGETS - GREEN LINES
STOP LOSS - RED LINE
BEL | Small breakout opportunity for 14% (2 hours time frame)BEL | Small breakout opportunity for 14% (2 hours time frame)
CMP : 135 (Dip 130)
SL : 127
Target : 154
Almost 1:3 risk reward setup
BEL - CMP: 142 Rounding Bottom BreakoutIt has given rounding bottom breakout on the daily chart. Delivery volume has increased. All oscillators are in bullish bios. we can see a price movement of 148 to 157 in the near term.
BEL Ltd Chart AnalysisBEL Ltd
cmp 144
Buy above 134
SL 121
Target 154 - 181
Uptrend, Elliott wave theory
MACD +ve
RSI 66 (rising)
