STOCK IDEA - BEL - STRONG BREAKOUT & CONSOLIDATION COMPLETION
Updated
AS SEEN IN THE CHART BEL IS FORMING A SERIES OF HIGHER HIGHS AND LOWER LOWS AFTER SHOWING A CONSOLIDATION FOR ABOUT A WEEK IT IS READY TO REBOUND AND IS LIKELY TO CROSS THE MULTIYEAR MAJOR SUPPLY ZONE AND OUTPERFORM THE MARKET FROM HERE ON.
THIS STOCK CAN BE BOUGHT CMP - 139
TGT1 - 155
TGT2 - 160
SL - 133 ON CLOSING BASIS
OR
KEEP 50EMA {ON 2HR CHART} AS THE STOPLOSS ON CLOSING BASIS
THIS STOCK IS LIKELY TO ACIEVE THE TARGET IN A PERIOD OF 14DAYS.
ALSO THE STOCK LOOKS ATTRACTIVE AT THESE VALUATIONS AND CAN BE HOLDED ON FOR THE LONG TERM CONSIDERING THE STRONG OUTLOOK, ORDER INFLOWS, INFRA-SPENDING AND CHINA +1 STRATEGY.
TGT- 200
THIS STOCK CAN BE BOUGHT CMP - 139
TGT1 - 155
TGT2 - 160
SL - 133 ON CLOSING BASIS
OR
KEEP 50EMA {ON 2HR CHART} AS THE STOPLOSS ON CLOSING BASIS
THIS STOCK IS LIKELY TO ACIEVE THE TARGET IN A PERIOD OF 14DAYS.
ALSO THE STOCK LOOKS ATTRACTIVE AT THESE VALUATIONS AND CAN BE HOLDED ON FOR THE LONG TERM CONSIDERING THE STRONG OUTLOOK, ORDER INFLOWS, INFRA-SPENDING AND CHINA +1 STRATEGY.
TGT- 200
Note
TARGET 1 ACHIEVED 3MARSTRUCTURE REMAINS STRONG EVEN AFTER HIGH VOLATILITY CAN BE HOLDED ON WITH A TRAILING SL OF 147
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