BHARAT ELECTRONICS NSE:​BEL

Prices have formed nicely "3 Drives Reversal" pattern and offering a good trade at current level. Entry 74 SL 72.5 Target 79 Risk/Reward Ratio above 3 Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.

Short 73 Tg 69/65 SL 79

Trade as mentioned in the chart.

Levels are on the chart

Long above 88.35 with SL 85.3 T1 88.7 T2 89.3 T3 89.7 T4 90.1 T5 91.1 T6 91.9

LEVELS MENTIONED IN THE CHART. Disclaimer: It is very important to do your own analysis before making any investment based on the chart mentioned here. Trade wisely!

On Daily H > 94.80 and C > 92.50 can take it to 98.70/103.95/110.80 TGC on the verge CCI-D cross > 100 awaited (on the verge) Duration: 2 weeks

EW intact, (1) not breached by (4) Monthly C > 93.35 and H > 99.30 required for 114.25 and then towards 183

bel

Cup and Handle Pattern

BUY WHEN THE NECKLINE BREAKS AND CLOSE

BEL

BEL #BUY ABOVE 91.9

....Levels mentioned in chart

BEL short sign

Break out or rejection...Rejection will have down trend...Go short..

Break out or rejection...Rejection will have down trend...Go short..

Buy side - Conditional. . My Personal view only.