BEL trade ideas
3 Drives Reversal with good Risk to Reward.Prices have formed nicely "3 Drives Reversal" pattern and offering a good trade at current level.
Entry 74
SL 72.5
Target 79
Risk/Reward Ratio above 3
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
BEL ready to fallShort BEL. Ready to fall .Add to watchlist.atlest 7 to 8% fall is possible on a single day .watch intraday pattern .
TARGETS WITH BELLEVELS MENTIONED IN THE CHART.
Disclaimer:
It is very important to do your own analysis before making any investment based on the chart mentioned here.
Trade wisely!
#BELOn Daily
H > 94.80 and C > 92.50 can take it to 98.70/103.95/110.80
TGC on the verge
CCI-D cross > 100 awaited (on the verge)
Duration: 2 weeks
#BELEW intact, (1) not breached by (4)
Monthly C > 93.35 and H > 99.30 required for 114.25 and then towards 183
BEL1. + VE DIVERGENCE
2. Double bottom
3. FR TRAGETS
4. 84.60, DONE
5. 87.50, 90.40, 94.15, 99.15
6. IF IT MOVES ABOVE 99.15 THAT IS ABOVE DOUBLE BOTTOM RANGE THAN
7. TARGET WOULD BE 120+
BEL gaining momentum but a waittill 87-88BO above 88 will go to a zone of 95-100
momentum building up as the 3rd bottom MACD is higher than 1st &2nd Bottom
even volumes seem almost equal at the third bottom
So its kinds early call but woorthtaking a shot
