BEL trade ideas
BEL - FLAG FORMATION!BEL TRADED WITH GOOD VOLUMES.
THERE IS A FLAG FORMATION WITH A RESISTANCE AT 105.
THE JOURNEY WILL BE TO 108 AND 112 IN THE COMING DAYS, ONCE THE RESISTANCE IS CROSSED.
#BEL CASH : STRONG RESISTANCE 105 LEVELS#BEL CASH
27 AUG 2019
STRONG RESISTANCE IN CASH IS 105 LEVEL
SUSTAIN ABOVE 105.10
INTRADAY TGT 106.50/108
STOPLOSS 103.4
CMP 103.65
BHARAT ELECTRICALS Looking Good For Up Side...Looking Good For Up Side...
From 96-94
Support 90cb
Up Side 135+++
BEL Long Setup [Intraday]Please Consult Your Financial Advisor Before Taking Any Decision.
Educational Idea
NSE:BEL long setup on 1h zone, entry at 92.65 with 1 point SL and 2 point TP
Note: Always risk 1% of account size per trade, adjust the position size accordingly.
Bel Buy Pending 87.50 Stoploss 82.20(5.35) Target 92.85 & 98.20Bel Buy Pending 87.50 Stoploss 82.20(5.35) Target 92.85 & 98.20.
Previous Consolidation of price is now Big time support for this stock.
Idea will be cancel if not trigger within 31/07/2019
Hourly Trend is DownWe can see downside for 97/93. If price goes below 99 and close below it we can enter. If we consider hourly trend line I see bearish engulfing candle. Hourly trend is down.
bel long termstop loss 99.7
buy at current price
target 118
2nd target 148
Disclaimer: All posts/views are for educational purpose only..!!
Kindly contact financial advisor before taking position/decision.
SHORT : Big M Pattern Beauty of big M pattern is the good reward potential of reversing the complete trend from where it has started. We can see that stock has formed the pattern nicely and with little luck one can expect the price to the level of 90 which is a good reward. Stop Loss I leave at your discretion on your risk taking capacity.
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
BEL LONGNSE:BEL
BULLISH BAT AND BUTTERFLY BEL CMP 107.10 @ 7/7/19
PRZ 97.70 TO 96.90 SL 94.10 T1 101 T2 105
CHART BY HARMONIC LEARNING AND EARNING
BEL: Levels that may ring the bell...BEL
Closing Price 112.1
- the stock has seen a consolidation phase of 8-9 months from Sept 2018 till later half of May 2019 when it gave a breakout above the green zone
- looks good on any dips towards 104 or crossing above the yellow zone (closing above 122)
- target for the current set up 134 / 148 / 158-162
- SL if weekly closing is below 97
#BEL near reversal Zone @in_tradingviewNSE:BEL
BEL Near Reversal ZOne
115 116.5 is reversal zone
SL 118
T 112.5, 110.75, 107
BEL - BULLISHBEL DAY CHART INDICATES BULLISHNESS AND THE PRICE IS EXPECTED TO MOVE UP TO 120.
TODAY CLOSE CROSSED THE PREVIOUS DAY HIGH OF THE DOJI FORMED.
