#BHARAT ELECTRICAL BHARAT ELECTRICAL HAS FORMED BEARISH GARTLEY PATTERN ON HOURLY CHART PATTERN.
VIEW NEGATE ABOVE 77.5 ON CLOSING BASIS.
BEL trade ideas
BEL Buy For 70.3 74.15 79 (Rangebound Risky)BEL Buy For 70.3 74.15
79.1 (Safe traders Exit at 78)
SL 54
Note that BEL is rangebound and will visit 55 Levels for accumulation (Buy at 55 and Sell at 79, Use GTT Orders)
Bharat Electronics Looks Long for tommorowBuy " BEL if the price is above 76 stoploss 74 first target 76 second 79 and open
trendline formed in BEL trendline formed in BEL , frst target 81
if it breaks the trendline then double top s formed, target will be designed accordingly
BEL Bullish with Head & ShoulderBEL (Bharat Electronics) looks Bullish with Head & Shoulder pattern, Buy Above 112 with SL of 107
Also RSI Bullish Divergence on hourly chart
BELOne can go short on BEL with the target of 103.85, since there is divergence in stochastic and MACD , it has also given a breakdown below a short term trendline. It has also made double top and broken the neckline on the downside.
BEl trend changeWith many PSU cmpanies like GRSE,RITES, PSU banks changing trend. This one seems ready for the next lap. CMP 118.2
Bel LongBel long on 15Min time frame.
This trade valid for 1 day.
IF the trend is not changed you can take it to another day.
long till 120 from cmpbuy for targets of 120,bullish engulfing seen on weekly charts at good support levels.. above 120 becomes a case for cup and handle breakout formation
BHARAT ELECTRIC LIMITED INVESTMENT IDEA THROUGH VOLUME PROFILINGAccording to volume profiling, BEL can see buyers at the counter while in green zone ... View invalid if close below red zone..
