BEL trade ideas
Parellel channel in BELAscending Parallel channel in BEL.
Support and Resistance: Traders could open a long position when a stock's price reaches the ascending channel’s lower trend line and exit the trade when price nears the upper channel line. A stop-loss order should be placed slightly below the lower trend line to prevent losses if the security’s price abruptly reverses and also vice versa .
Breakouts: Traders could buy a stock when its price breaks above the upper channel line of an ascending channel . It is prudent to use other technical indicators to confirm the breakout. For example, traders could require that a significant increase in volume accompanies the breakout and that there is no overhead resistance on higher time frame charts
Breakdowns: Before traders take a short position when price breaks below the lower channel line of an ascending channel , they should look for other signs that show weakness in the pattern. Price failing to reach the upper trend line frequently is one such warning sign. Traders should also look for negative divergence between a popular indicator, such as the relative strength index ( RSI ), and price. For instance, if a stock’s price is making higher highs within the ascending channel , but the indicator is making lower highs, this suggests upward momentum is waning.
saport ragistenthis is chat i show support and ragisten
A1 ragisten top this ragisten man ragisten
A2 support second this is a brak tredine this time i guss buy and target man ragisten
or he break A2 support this time we guss this suppore A3 is become
finally A2 support and he break A2 support he can take A3 support
BEL chart ansalysisYou should not engage in trading unless you fully understand the nature of the transactions you are entering into and the extent of your exposure to loss. If you do not fully understand these risks you must seek independent advice from your financial advisor. All trading strategies are used at your own risk.
Retracement BetStock is at 50% retracement.
It also looks like the bearish power is decreasing.
A good upmove is possible for one or two months.
It will consolidate a bit and then give breakout.
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Bharat Electronics (BEL) Game Over ??BEL has closed below major Daily & Weekly Support, also formed head & shoulder some time back and has broken the neck line, its little late to go for sell but it is worthy. Proper position sizing and risk management is compulsory.
Long if closes above 95 and sustainsPrice after the down trend breaks the trend line strong but it should break the strong resistance levels of 95 and sustain above then once can look for Long opportunities.
BEL - READY TO FLY or SINK - A Symmetrical triangle is a clear cut indication of consolidation followed by a breakout. A BIG BREAKOUT...........
Note:
Avoid the stock if a big gap up or gap down is seen
Enter after the breakout happens and not before it
Do not chase the market, i.e., do not get involved in late entries
Only enter with strict stop-loss and target
This is not a recommendation and is for educational purposes only.
always follow risk-reward and quantity management for the 100% of the times
The above mentioned idea may not work, so beware of the risk you are taking
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Happy Trading!!
[Buddha] BEL Inside Bar TradeLong if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
BEL reached support level, It's time for channel breakout!BEL Channel breakout, suggested long positions!
BEL:- LONG TRADE SETUPBEL held the Fibonacci Ratio Support zone around 90.20-86.90 .
Decreasing volume pattern seen during Pull Back.
If support breaks then consider my setup bust.
Levels mentioned on chart.
Given targets seems achievable.
Plan your trade accordingly.
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’,trade at your own risk.
"Trade what you see, Not what You Think"
Happy Trading
BEL for this expirySeeing the chat we can understand that there is an big up move here.one can go lomg on this for an immediate tgt mentioned in this chat. we see and cub and handle pattern formed...
