BEL trade ideas
BEL STANDING AT MULTIPLE RESISTANCE - WOULD THIS BREAK THIS TIMEStanding at Multiple resistance..Levels mentioned on chart
BEL about ti give breakout form inverted Head and shoulde patterBEL about ti give breakout form inverted Head and shoulder patter
Study of BEL(Falling wedge and 200 SMA Support)BEL was forming falling wedge type pattern
it was getting support form 200 SMA( 2 time bounced)
Entry above 98
facing resistance near 92 to 98 also 50 SMA was in this zone
by seeing volume one can clearly see that in negative day volume was drying up but
in positive day volume were good
BEL: Short and Mid term view BullishRef chart. View given based on indicators and pattern. Safe trade: Buy closing above the cup( 115) or near 103 levels
Vijayaraghavan,
Kovilpatti.
BEL Cup and Handle pattern formationCup and handle formation in BEL, must watch, can give good returns
Ascending Parallel channel in BELSupport and Resistance: Traders could open a long position when a stock's price reaches the ascending channel’s lower trend line and exit the trade when price nears the upper channel line. A stop-loss order should be placed slightly below the lower trend line to prevent losses if the security’s price abruptly reverses and also vice versa .
Breakouts: Traders could buy a stock when its price breaks above the upper channel line of an ascending channel . It is prudent to use other technical indicators to confirm the breakout. For example, traders could require that a significant increase in volume accompanies the breakout and that there is no overhead resistance on higher time frame charts
Breakdowns: Before traders take a short position when price breaks below the lower channel line of an ascending channel , they should look for other signs that show weakness in the pattern. Price failing to reach the upper trend line frequently is one such warning sign. Traders should also look for negative divergence between a popular indicator, such as the relative strength index ( RSI ), and price. For instance, if a stock’s price is making higher highs within the ascending channel , but the indicator is making lower highs, this suggests upward momentum is waning.
Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
BELcan be good buy on Retest on BO. if over all market fall in December series then H&S chart Patten can fail. so buying in cmp is quit risky
*per at the end "risk hai toh ishq hai"
$$ Money money money $$
BEL FOUND "HEAD & SHOULDER" ON WEEKLY CHARTPay your attention on BEL in coming days, Weekly Close Above The Neck Line Will Create Big Shoot Up..
BEL:NSE- BEL is forming Inverse Head & Shoulder Pattern on 3D Chart.
- Adding some buy positions here and keeping a big amount left to add more on breakout of IHS Pattern.
- Break above neckline and expecting a move of 50-70% in upcoming week.
BEL Reversal at PoC [Volume Profile] + Volume Spread AnalysisShort BEL at PoC - 112
VSA - Top Reversal + Buying Climax in background
SL - Exit if day's close is above 115
