Hi all, hope you guys are doing well. It’s been a long time since I last posted. Apologies for that. 🙏 In this post, we are going to see how we can combine different indicators/concepts to create confluence zones and find high-probability trades. Introduction A trade that has a greater chance of success than a regular trade is called a high-probability trade....
BHARAT ELECTRONICS as per day chart analysis Stock ABOVE 103.20 TARGET 105.20 Happy Profitable Trading to All...
Note - One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all. ======= I use shorthands for my trades. "Positional" - means You...
BEL was forming falling wedge type pattern it was getting support form 200 SMA( 2 time bounced) Entry above 98 facing resistance near 92 to 98 also 50 SMA was in this zone by seeing volume one can clearly see that in negative day volume was drying up but in positive day volume were good
Chart pattern insist me the above titled opinion Reasons 1. BEL is in formation of a Inverted Cup & Handle (Handle in progress) 2. Lower high and Lower low formed (confirming bearishness) . 3. Gap b/w 15th & 16th Day candle can act as Strong resistance. 4. Target & SL levels mentioned @ Chart. 5. BEL may take support @ Green trendline (Major Support...
BHARATELECTRONICS(BEL) has formed a green candle near the trend line in 1D timeframe. Hence there is a chance it can go long if it sustains the price momentum. First Target - 110.8 Second Taget - 113.5 Stop loss - ~103.5 Cheers. Happy Trading to you all.
BEL has completed impulsive wave 5 at 258 and started declining for corrective formation. BEL has completed corrective wave 5 of C of B at 250 . Now, BEL is forming lower degree's waves of wave C. If it sustains below 245 , BEL can fall for following support levels: 235 - 224 - 215. Wave C can complete near 100 of wave A at 215 . It is called A=B . I...
BEL looks bearish for short time if broken below the line good to sell can go till 94.
I daily make educational content videos on financial markets
NSE:BEL Parelle channel pattern showing sell but not sure
kindly see the levels on the chart and follow stop loss strictly this is only for educational purpose
This is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. ...
NSE: BEL is closing with a strong bullish candle supported with high volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been consolidating for the past few days and moving along the trendline which is indicating demand. One can look for a 8% to 12% gain on...
From 17/06/22 Below mention #Defense #Stocks is #Outperformed #Nifty . 1. #MAZDOCK (141.97%) 2. #COCHINSHIP (69.33%) 3. #APOLLO (62.21%) 4. #BEML (60.37%) 5. #SOLARINDS (40.08%) In Defense Stocks, above mention 5 stocks Outperformed Nifty by huge difference.Keep in watch list. ONLY FOR #educational NOT SEBI REGISTERED. #LEARNEARN (TRUST YOURSELF) #nifty50...
From 17/06/22 Below mention #Defense #Stocks is #Outperformed #Nifty . 1. #MAZDOCK (141.97%) 2. #COCHINSHIP (69.33%) 3. #APOLLO (62.21%) 4. #BEML (60.37%) 5. #SOLARINDS (40.08%) In Defense Stocks, above mention 5 stocks Outperformed Nifty by huge difference.Keep in watch list. ONLY FOR #educational NOT SEBI REGISTERED. #LEARNEARN (TRUST YOURSELF) #nifty50...
This is Daily timeframe. BEL have retraced and now consolidating for last 4 days in a range, it rejected to go for lower levels last day. MFI is at 21.77 level. There is a chance that is gives a bounce and continue it's rally. From botttom to top, it is currently at 0.38 fibonacci level. Keeping SL just above 0.61 fibo level. Psychology behind trade and SL...
As per above chart BEL has given a triangle breakout which is end of Wave 4 and can go above for till those two target 264, 298