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 trade ideas
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)
BELStock is following Pithfork support and Resistance.
Good close above median.
Small Dips can be bought
Short Term SL close below 133
Long term, Hold till trading within Pithfork.
Add on dips.
BEL ELLIOT WAVE THEORY THE STOCK HAS COMPLETED ITS 4TH LEG and now its time for the 5th leg with the target of 180++ buying level 133-135 place sl below the structure
BEL INVERSE H&S APPTERNBEL FORM INVERSE H&S PATTERN. NOW IT WAS GIVEN RETURN MOVE AND TAKES SUPPORT AT 120, CAN LONG FOT TGT 150 AND 180 SOON
BEL - Double BottomLevels explained on the chart.
Double bottom formation.
Educational Purposes only.
short term - belbuy above blue line
green line as target
red line as sl
chart shows a short term trend reversal
a inverted head and shoulders support the breakout
BEL goes all time highIn 1hr time frame beautiful triangle breakout and use for a long term investment
BEL | Simple triangle breakout - 7%BEL | Simple triangle breakout - 7%
CMP : 127 (Dip : 125)
SL : 123
Target : 136
Almost 1:3 risk reward setup
We are already holding big trade based on weekly time frame, this is just a small opportunity in between.
Inverted H and S and neckline retestNot the best drawing but the pattern and retest can be seen. Good RR.
