Long if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
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: Perfect place to short. Close to trend line for reversal.
Indication from today's trade details:
- Decreased in Delivery %,
- Decreased in Volume
- PCR: CALL wind-up and increased in PUT
Weekly candle shows Bullish harami pattern.
from 3rd onwards price try to cross 200 and 100 EMA's but its was restricted. Now price traded 109.25. If price cross above 118 then go for buy. if price cross below 105 go for Short.
Education purpose only.
BEL has come out of multi week consolidation pattern. Volume on weekly breakout is high. BEL is all set for 124 level with stop loss below 101. Buy around at 109-106 range.
Note : We have already bought BEL in our portfolio.