BEL trade ideas
BHARAT ELECTRONICSFollow for latest updates
CMP- 97.20
Buy above 98 with the stop loss of 95
Targets- 99, 100, 101
Bel about to ring the BELLPossible wave count suggest we are about to finish wave 3 near 1.618% of wave 1, And channel line might also act as resistance and on the left hand-side we have a gap, likely to be filled, if everything works well we will see downside in coming days. But one need to remember we are still bullish as wave 5 is still pending.
So, keeps your eyes on BEL. Looking for a reversal candle, just a reminder.
Thank you see you next week
BEL - W pattern bullish breakoutNote: This is for educational purpose only.
There seems to be a W pattern breakout in BEL with high buying volume. RSI in daily chart is above 80 so there would be some consolidation before further upmove.
BEL - Respected Monthly Support3 consecutive months dipped below and closed above support.
Pin Bar / Rejection Candle in May
Currently Trading above May Highs...
trend analysis I have mentioned the first target and the second target based on chart pattern it will take one or two weeks to achieve (if the result are good then easy to achieve within one week) even result are bad this target will follow thank you follow me, gives some comments. please see the related ideas. i published this idea in private
BEL SHORTKEEP STOP LOSS OF 102 IF U SEE RED CANDLE JUST SORT IT SELL RANGE IS 97ISH TO 101ISH WAIT FOR PRIZE MOMENTUM DONT TRY TO SHORT AT HIGH JUST SHOT WHEN STOCK IS GOING DOWN IN MODERATE MOMENTUM BOOK PROFITS IF U SEE VERY VERY HIGH MOMENTUM
Stock analysis on BEL:The price movement is currently in the bullish form.
At present there is a price rotation in the stock.
The stock movement is very slow.
The stock still can move down till 86.29
Overall the stock is in the bullish form.
BEL MonthlyPositive Divergence on Monthly charts, Stochastic Oscillator
Only for educational study, do not base this for any trade.
BEL - Inverse H&SBuy at 78-79
Target and Stoploss Mentioned in the chart
Disclaimer:- Only for study purposes.
BEL: Close to Possible Up BreakoutTomorrow or the day after the green rectangle will be a breakout zone. Tomorrow might chop again. See NIFTY 50.
AGAIN BELBEL is at a minor resistance
good buy if it go above 86.15
for a target of 88 or 91
SL at 84.5
Bharat Electronics Target 87 Rs Stop loss 72-74As you can see Stock has broken out of narrow range with volume, it shall move up to 87 Rs. It may test the breakout level once. Wait for confirmation. at that level your Stop loss will be low and reward will be higher. Star booking partial Quantities above 85 level. Do you own analysis before taking a trade.
XABCD pattern in BELBharat electronics formed XABCD or Butterfly pattern. My trade view for this type of pattern is shorting and support levels @ 67~72
BEL - Long call_Target 97.6519 June 2020
BEL : CMP 80.05
Inverted Head and Shoulder pattern is completed today. The breakout candle with strong volume buying from the last 3 sessions confirms the pattern.
BEL is in the business of Aerospace and Defense manufacturing. Amid India-China stand-off in eastern Ladakh, the government is considering a proposal to buy 21 Mig 29 and 12 Sukhoi Su-30 MKI fighter aircraft from Russia, according to a government source. Please read the news on google.
Buy for target of T1 - 84.50, T2 - 91, T3 - 97.65; SL - 73
Duration - 31 Aug 2020
