Breakout OR Fake out?Possible long opportunity. Good R:R
Might breakout or will halt & break. Watch!!
One good long setup can be - Buy Jul Future + Buy Jul OTM PE + Sell Jun OTM CE
BEL trade ideas
good buy above 0.68 fibo 81.55bel retraces exactly from 0.6 fibo of 81.50 todau.
making double bottom on daily tf and near to long term TL
good for swing trading for target of 88
Short BEL100 ema work as resistance and it Breaks Trend line .
The last have less volume then last 5th red candle rejected by resistance
A SMALL PLAYbuy above 75.05 and target could be at 77
SL at 73.80
but if it breaks the marked area 77-79 it could move further to 88 range
BEL Triangle on Daily ChartBEL triangle possible breakout between Jun 3 -15, target Rs90
Only for educational purpose, do not base this analysis for your trade.
BEL - Trade No 04BEL looks breakout and bearish on 3 june but unfortunately hit our stoploss.
This trade taken - 02/06/2020 and close this trade - 03/06/2020
Trading History -
Sell - 69.20
Buy - 71.10 ( Hit Stoploss)
Stoploss - 71.10
Quantity - -6000
Profit / Loss - -11039.71
In stock market dont think we win everytime. its happened so many time hit our stoplosses but always stick with our plan whatever happen stick with our plan. and maintaining the good risk reward ratio.
Price action is very simple to understand and main focus is price/patterns. Keep your chart clean and free from indicators, follow same process daily to get good results. If you wish to learn simple price action trading process (strategy seekers kindly excuse), kindly reach out. Request your support by liking/commenting on ideas submitted.
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Short BELTrade taken based on the breakdown from triangle pattern, Keep a stop loss at 72-73, I expect a target of 60 RR 1:3
W pattern W pattern seen in BEL . Breakout above 70 and wait for confirmation candle before taking trade (1 hr chart).
29th may is result day so wait for the result also.
Target 76+
BEL - Potential long term bottom? Modi's Make in India focus would benefit this company significantly. From focus of making in india + being in the defence space.
Technically its at a long term support. 200MEMA is holding (Although it can be revisited at the end of the month).
There is are +ive divergences on all timeframes.
Being skeptic on PSU's normally, id look to SIP into this stock as its SL would be quite low. For someone with a shorter horizon 64.50 could be a stoploss but with the Covid scenario, i would not look at short term trading this company. Rather SIP it. Even wait till month end to see where this monthly candle develops to before entering the stock.
We're Late!Double Bottom is spotted, but we're having a late entry.
follow levels mentioned on the chart.
Even though the train has left, still we can gain a percentage from it.
Please like the post (It helps me!)
Also comment your doubts.
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Could be a good intraday trade for tomorrowtarget 1 : 62 , if crossed 62 , 64 next target (intraday only)
safe trader can wait for closing above 62 (5 min chart)
Short BEL !! Confirmation of downturn following a shooting star!Entry point, Stoploss, and possible targets are marked in the chart.
This is a positional trade. Timeframe 2-3 weeks, may come earlier as well.
That's a BreakIt seems like BEL has broken a major trend line.
We can see it move up if it breaks the given resistance.
The next stop will be at 80.
Cheers
BHEL AGAIN READY AFTER MANY ATTEMPTTRY TRY TILL YOU SUCCEED
WILL BHEL SUCCEED THE BREAK OUT THE BREAK OUT SHOULD BE OF A CLEAR BULLISH CANDLE ABOVE THE RESSITENCE
BEL - Triangle pattern in the 15 Min time frameBEL - Triangle pattern in the 15 Min time frame
Depending upon the breakout direction can Long or Short
Expecting a short position tomorrow
BEL, Learn & Earn (Head & Shoulder)BEL is forming H&S pattern and ready for breakout. Buy above 77.5
[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.
