BEL FOUND "HEAD & SHOULDER" ON WEEKLY CHARTPay your attention on BEL in coming days, Weekly Close Above The Neck Line Will Create Big Shoot Up..
BEL trade ideas
BEL:NSE- BEL is forming Inverse Head & Shoulder Pattern on 3D Chart.
- Adding some buy positions here and keeping a big amount left to add more on breakout of IHS Pattern.
- Break above neckline and expecting a move of 50-70% in upcoming week.
BEL Reversal at PoC [Volume Profile] + Volume Spread AnalysisShort BEL at PoC - 112
VSA - Top Reversal + Buying Climax in background
SL - Exit if day's close is above 115
BEL96 will act as good support and 121 as a target. Let it correct and can go long around 100 for a positional trade. All views are personal for educational purpose and do consult your financial advisor.
Took a perfect intraday trade for BHARAT ELECTRONICS ( BEL ) As there was too much volume yesterday and its friday today so people will buy thinking there will be gapup opening on monday and will book the profit so i took the advantage of it and bought just on 9:15:9 AM and booked profit in 40 min
STRATEGY : as per technicals on 20 jan 2020 the same situations was happening and i took the day high of 20 jan as my target and 8 july high and 27 july high as my support and gave a stop loss just some points above it.
JUST PURE TECHINAL ANALYSIS
I WILL SOON START GIVING MORE STRATEGIES FOR FREE
MY PERSONAL SIMPLE STATEGIES FOR BEGGINERS AS LEARNT SO MUCH BY MY LOSSES AND NOW MAKING PROFIT
THANK U GUYS KEEP SUPPORTING
TIP : FINAL TARGET OF THIS SHARE IS 125-130 BY THE END OF DEC 20
BEL: Parallel Channel Breakout, Rounding Bottom, ConsolidationBOBEL: Strong Bullish
Buy above 97.5
Target : 101, 115, 145+
SL : 86
Risk is yours and Reward is too yours totally
GO LONG ON BELBEL
Go long on Re-test at support.
Entry 94.5 - 95.5,
SL - 92 (1hr candle close)
Target1 - 98.6
Target 2 - 100.2
Target 3 - 102.5
Holding Period - 5-9 days
Are you ready to nearly 24 % profit in BEL ?From, So many days consolidation happens in stock BEL, Now Trendline Breakout happen & also, It has broken previous lower high, You can take long side position accordingly descripted in the chart.
