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 trade ideas
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...
NSE:BELBEL
CMP 102.3
In downtrend.
May bounce if sustains above 103
Keep n eye.
Untill then pitchfork will provide future support.
Short BEL RR1:4Short at 120
SL 126
Target 95
RR 1:4
Disclaimer
As BEL is related to defence, govt is taking stringent actions on imports of military goods.
Due to the news the stock is moving higher.
So this call is related to pure technicals not fundamentals.
BEL CUP AND HANDLE PATTERN
BEL is showing a Cup and Handle pattern.
Buy at the current price and hold for up move of 130-140
BEL Breakout : Keep an eyeCondition: If it Breaks 118.5 on 3 Line break charts.
Buy long for target of 180 once condition is fulfilled.
Once its breaks pre-covid level, new trend will emerge
BEL @ supportBEL is at support zone or neck line which comes around 104.5
also this stock has formed inverted C&H formation.
one can go short below 104.5 for the tgt 101.
any reversal could be bought with neckline as stop.
BEL : Trade SetupNSE:BEL
Hi Traders,
BEL has broken trend line and is taking support on 104.40. If this support is broken by it then it will start downward movement.
Entry and target level on chart.
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* This analysis is educational/learning purpose only.
* Trade at your own risk.
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