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
