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BEL - Daily Chart - Strong Resistance @ 98-100 levels CMP 95 - Bearish Bat Pattern
Look for Shorts Fibonacci levels are target.
levels mentioned in the chart!
Short 80 PE at 0.15
Inside bar formed in daily with good buying volume today .
Levels mentioned in charts
Short on PDL break with SL as PDH.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
Long if it breaks the high of the previous day with a stop loss at the previous day's low.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed ...
BEL is respecting its support zone of 84 and 85
Now looking good for 90.5, 93.5 and 99.1
SL 84 on closing basis
BEL further probable movement
Initiate a Long trade on BEL, from 85.7, SL @ 84.3, Targets (1) 87.9, (2) 89.5, (3) 91, (4) 92.6, (5) 94, (6) 97.8
Buy BEL upon a breakout above 90
BEL IS AT MAKE OR BREAK LEVELS VIEW GOOD LONG AT CMP 89-90 AND GOOD SHORT BEL0W 87
Buy at CMP, with SL 87 for trgt 97-105-107
LEVELS MENTIONED IN THE CHART.
It is very important to do your own analysis before making any investment based on the chart mentioned here.
Yesterday's news was first told long ago and already discounted. Long if it breaks the high of the previous day with a stop loss at the previous day's low.