BEL is at support zone or neck line which comes around 104.5
also this stock has formed inverted C&H formation.
one can go short below 104.5 for the tgt 101.
any reversal could be bought with neckline as stop.
hcl tech looks good for upside after a range bound and in a tight zone for 40 days. time cycle has indicated the bottom on yestarday and for confirmation we can look for BB expantion.
1st tgt for upside could be 750
nifty has closed around the support of trend line breaking below the low i.e 11325 causes short term correction. RSI also indicating negative divergence which confirms the overbought , nifty has the higher chances coming towards 10800 which is placed by 200ma and 23% retracement.
so below 11325 our first TGT is 10800.