BEL trade ideas
Stock analysis on BEL:The price movement is currently in the bullish form.
At present there is a price rotation in the stock.
The stock movement is very slow.
The stock still can move down till 86.29
Overall the stock is in the bullish form.
BEL MonthlyPositive Divergence on Monthly charts, Stochastic Oscillator
Only for educational study, do not base this for any trade.
BEL - Inverse H&SBuy at 78-79
Target and Stoploss Mentioned in the chart
Disclaimer:- Only for study purposes.
BEL: Close to Possible Up BreakoutTomorrow or the day after the green rectangle will be a breakout zone. Tomorrow might chop again. See NIFTY 50.
AGAIN BELBEL is at a minor resistance
good buy if it go above 86.15
for a target of 88 or 91
SL at 84.5
Bharat Electronics Target 87 Rs Stop loss 72-74As you can see Stock has broken out of narrow range with volume, it shall move up to 87 Rs. It may test the breakout level once. Wait for confirmation. at that level your Stop loss will be low and reward will be higher. Star booking partial Quantities above 85 level. Do you own analysis before taking a trade.
XABCD pattern in BELBharat electronics formed XABCD or Butterfly pattern. My trade view for this type of pattern is shorting and support levels @ 67~72
BEL - Long call_Target 97.6519 June 2020
BEL : CMP 80.05
Inverted Head and Shoulder pattern is completed today. The breakout candle with strong volume buying from the last 3 sessions confirms the pattern.
BEL is in the business of Aerospace and Defense manufacturing. Amid India-China stand-off in eastern Ladakh, the government is considering a proposal to buy 21 Mig 29 and 12 Sukhoi Su-30 MKI fighter aircraft from Russia, according to a government source. Please read the news on google.
Buy for target of T1 - 84.50, T2 - 91, T3 - 97.65; SL - 73
Duration - 31 Aug 2020
We Booked 25 % on this scrip Having an Knowledge can give you an edge in Trading Futures & Options ,
We traded this from 60 to 74 , 14 Points per lot resulting 25 % of Profits
I am attaching my Private chart for your educational purpose , You can click and have a look on how it moved
Good luck people
Bright Possibility of Gains in BELOn the daily chart stock gave a Ascending Triangle pattern breakout with volume, which was the highest after Feb 20. Directional Oscillator ADX trading positive and stock also trading above parabolic SAR. Going forward stock can see upside till 87(13% upside) and downside stock is having strong support at 70.30 levels.
Paper TradingI am going to paper trade on this one.
Although the stock has broken the resistance, some bearish pressure is still seen.
I will buy it on paper on Monday If and only if it shows bullish momentum.
Please like my post.
Want to make money soon with me?
-Click on the follow button.
Breakout OR Fake out?Possible long opportunity. Good R:R
Might breakout or will halt & break. Watch!!
One good long setup can be - Buy Jul Future + Buy Jul OTM PE + Sell Jun OTM CE
good buy above 0.68 fibo 81.55bel retraces exactly from 0.6 fibo of 81.50 todau.
making double bottom on daily tf and near to long term TL
good for swing trading for target of 88
Short BEL100 ema work as resistance and it Breaks Trend line .
The last have less volume then last 5th red candle rejected by resistance
