BEL trade ideas
BEL - FOURTH ATTEMPT TO BREAK THE RESISTANCEPrice has been in a downtrend since 2018, it has already made 3 attempts to break the resistance zone but has not been successful, now price is attempting to break the resistance zone for the fourth time, also this time the resistance zone is coinciding with fibo 0.50 level, break of which can give quick movement towards 131 & 146 levels.
Note - Structure also seems Like an Inverted Head & Shoulder
Shoulder Target : 30 Points
Head Target : 60 Points
DISC : VIEWS FOR LEARNING PURPOSE ONLY
BEL, READY FOR NEXT MOVE (FIBO + INV HEAD & SHOULDER)All levels mentioned on chart.
Thanks
Piyush Gupta
Learn & Earn
BEL: 1st Big Breakout Candidate of 2021Buy in the range of INR 120-125 with a target of INR 185. Stop Loss 21 EMA on closing basis
BHARAT ELECTRONICSIt is on the verge of an IHS breakout in weekly time frame above 112. V good support between here to 95. The Inverse Head & Shoulder upside levels are 150 / 175 / 200 over the medium term.
BEL: Bull GripThe horizontal line near 122.80 is a breakout line which will lead to next rally. Any opportunity to get @122.80 is good opportunity to add /accumulate. Expecting the 200 levels.
Preparing for a good long rallyEducational Purpose Only
Increasing Volume
Inverted Head and Shoulder
Price at Strong Resistance level
keep an eye on the resistance level, high chances to achieve the given targets. BEL will be an important stock to keep an eye on with the Indo-China issue and VocalforLocal going on.
BEL - Good for Swing above 133After breaking blue TL in December with good volumes, stock is ready to fly to Fibonacci extension level of 156 if breaks Red TL successfully
INHS in Bharat Electronics(BEL)Inverse head & shoulder pattern seen in BEL on weekly timeframe. It has broken it's neckline with huge volumes. Plan your trade accordingly.
NSE:BEL NSE:BEL
BEL - Inverted Head & Shoulder Pattern and Trend Line Breakout -The script has formed the Inverted H&S Pattern and the Trend Line was breakout
The Script has strong resistance at 125 and the H&S pattern neckline was also broken
Buy Above - 126 ( Close Above Daily Time Frame)
SL - 85 (Close below daily time frame)
Target - 189
Disclaimer: Kindly do your own analysis before executing the trade
BEL weeklyWeekly breakout happened in BEL try go long near zone sl below that zone for swing trade set-up
BEL Breaks out!The stock BEL breaks out of inverted head & shoulders pattern with stupendous volume.....A must buy!
BullishKeeping 124 as sl one can see target 🎯 of 138 in this month
One can hold for long position ...
PSU are doing very well in this govt ... Won't let u loose more ...rather will give more return
It's my personal view ... M holding this since 89 ....sold a bit at 110 last month
Showing gud volume as compared to last month
BEL - Inverted H&S patternself explanatory Weekly chart of BEL. Same can be identified in Daily time frame as well. And volume at the end confirms... target open
BEL ready for breakout?Bel forming a C&H pattern if it break with above average volume so we can see further move upto 150. if not give breakout with hug volume, will update on it soon.
#BEL has a strong #BreakOut.#BEL has given a strong #BreakOut on daily charts, Now it has a potential to zoom upto 190-200 with SL @105
BEL GOOD BUY SIGNALInverted H & S pattern has been formed in Daily chart.
Above 122 breakout possible .
which can go upto 184 (Positional)
TGT for intraday 124.6/129.65
SL 118.3
Positional Sl 100.85
Disclaimer: Ideas for learning Only.
Learn Regularly. NOT Occasionally.
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BEL weekly bullish pattern BEL weekly close bullish we can see more from here buy and hold as per your risk capacity
