It has completed its Bullish Harmonic Alt Shark and is showing signs of reversal. A bounce back till 108-110 is possible provided it does not go below 99
NSE:BEL - BEL is making higher lows and breakout of trend line resistance can give quick up move.
Script is at good zone to enter for long in range 105-102 for Target of around 123 with strict Stop loss of 100.
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This one is making its complex B wave after its 1st move form its recent Low ( Apparently Double Bottom )
Now currently i am looking this as B (b) of Complex structure , One can look for sell set up to take position and move the stop once it move away form its
Point of brake
Bharat Electronics Ltd. is engaged in the manufacture and supply of strategic electronic products primarily to defense services. Its products are weapon systems, radar and fire control systems, electro optics and communication, vacuum interrupters, electronic voting, telecom and SATCOM systems, semiconductor devices, microwave and transmitting tubes, solar products and systems. The company was founded on April 21, 1954 and is headquartered in Bangalore, India.
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BEL
