BEL trade ideas
BEL - Inverse Head & Shoulders. The stock has been on a downtrend since 2017.
It has formed Inverse Head & Shoulders which is a very strong bullish reversal pattern. BEL should sail smoothly once it crosses the level of 124.
Duration is long since it's a weekly timeframe analysis.
Target should be - 145 and then 170.
Note - Feel free to give any advice regarding this analysis down in the comments section.
Disclaimer - Please do not take trades according to this analysis and do your due diligence before entering into this. This is just for educational purposes and not to be considered as a tip.
BUY BEL ABV 124 TGT 189-188BUY BEL ABV 124 TGT 189-188
As the stock has got multiple rejection from 124 lvl and its forming a inverted head&shoulder patter ! Buy till target 189 .
Thanks 👍
BEL - VCP - Getting Ready for the huge upsideThis is for Long Term.
Based on the Volatility Contraction pattern (VCP), the first Cup depth was around 47%, the 2nd Cup depth is around 27%.
I am expecting it to have two more cups with decreasing depths (14% and 7%).
A breakout above 115 with huge volume and the wide candle will ensure the beginning of a big uptrend,
Current Price - 115.75
Entry - Above 123 ( Wide Candle and Huge Volume)
Target 1 -146, Target 2 - 194
All Trades Involves Risk
Please do your own Risk Management.
BEL - INVERTED HEAD & SHOULDER PATTERN - BULLISHBULLISH VIEW - BUT ONLY CONCERN IS THAT INVERTED HEAD AND SHOULDER IS NOT FOUND IN DOWNTREND
Likely to break current Resistance Target – 138/160
Immediate/Major Resistance – 123
Short Term Support – 108/90
Long Term Support – 60
Chart Trend - Positive
Chart Pattern – Head & Shoulder
Recommendation - Buy
Bel - It's gonna break !!Price after rejecting from the resistance it is getting stronger this time and its gonna break the resistance for sure !!! Go with a stop if you are really interested.
Bullish Set up BEL* This stock is trading all major moving averages.
*Made inverted H & S pattern in weekly chart.
*Lower High in RSI in weekly chart.
*Major Indices in uptrend and also PSU sector currently perform well.
*All above points indicate that BEL is ready to upmove.
*All Target & support Level mentioned in Chart.
Thanks for reading kindly let us know if you have any questions.
BEL near strong breakout?if the trend supports it will break 125 levels, otherwise back to 100 levels.
Time and tested levels for BEL - can it move again?BEL is approaching very strong weekly resistance again. Crossing above it has given very good move in the past. Also formed an inverted head & shoulder pattern at resistance level. Can be good for long if close and sustains above this hurdle. The height of inverse head is Almost similar to the required points to achieve ATH levels. For educational purpose.
CONDITIONAL BUY ON BEL ABOVE 122 FOR A TARGET OF 137 -STRICTLY CONDITIONAL BUY ABOVE 122
-IF THE ABOVE CRITERIA IS MET LONG WITH A short term target of 130 POSITIONAL TARGET OF 137 AND SL OF 120
-RISK : REWARD RATIO IS 1:7
-BREAKOUT ON LONG TERM CHARTS AS WELL AS SHORT TERM CHARTS
-MAKING HIGHER LOWS AND LOWER LOWS CONTINUOUSLY
BEL Short - Huge Resistance aheadBEL has been on an uptrend from Support of 90, and recently it touched the level of 120.
120 has been a long term resistance, Only once in its lifetime the stock has successfully been able to break this level.
1. The momentum of the uptrend has fazed out after the level of 115
2. A doji candle is formed at the resistance level of 120
3. Bearish Divergence can be seen in various momentum and oscillator indicators. Eg: RSI and MACD
4. Highest Call OI is at the level of 120, followed by 125.
This analysis indicates that 120-125 is a clear supply zone for BEL.
BEL Swing Long BullishNice Bullish Set up
Either buy on breakout or when it retests the breakout region
Dont Mix them both
Buy Above 122 Closing basis
Positional Target ~170/180 levels
Stop Loss 85 levels
BELBEL is at Pressure Zone right now.
If it cross 122 with bullish candle then we can see uptrend with target of 136.
Future OI is also increasing
highest open interest at 120 followed by 127.5 and 130.
Call Unwinding at 115 and 117 but overall put writing is very low compared to Call writing so it seems it is difficult to breach this level.
BEL Chart-Sign of BullishTesting same 115-118 levels for multiple times, if volume supports can see the stock in uptrend for target of 160+ in upcoming sessions.
BEL REDDY TO DECENDING TRANGLE BREAKOUTBEL STRONG ABOVE CLOSSED 120 DCB
CAN TOUTCH 140,150
FOR POSSITIONAL
BuyBuy in dip towards 111-109 sl 102 TGT 145-160
Disc : it's not an investment advise to buy or sell
