BEL trade ideas
Long ( after a brief correction ) The structure it self is quite explaining as ending diagonal , and the price is weak with in the structure , Expect one more drop before strong turn around
for Equity traders you can look to enter on price drop as you can always benefit of small accumulation
for Futures trader wait for complete reversal in order to enter , this has one more move up so wait for it
Bharat Electronics Limited (BEL)BEL slips below the trendline as well as crucial support of 200 days simple moving average on daily chart. Further downside possible.
#BEL can buy for 10% @in_tradingviewNSE:BEL
Bharat Electronics buy now
in range of 109 112
sl 106
T 116 119 125
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.
BELIt has completed its Bullish Harmonic Alt Shark and is showing signs of reversal. A bounce back till 108-110 is possible provided it does not go below 99
BEL can go upto 103 and 106 in next few weeks.Broke channel resistance of 99, if monday close above 99 then next level is 103.
BEL LONG - Upside Medium TermNSE:BEL - BEL is making higher lows and breakout of trend line resistance can give quick up move.
Script is at good zone to enter for long in range 105-102 for Target of around 123 with strict Stop loss of 100.
