BEL trade ideas
Cup and Handle baseVCP characteristics.
Exhibiting strong relative strength.
volume dry ups along the base, good buying volumes and trading above key moving averages.
Broader market is weak, therefore sizing 10% of portfolio.
Buy-Stop order set at 249.75
Publishing for my own reference. Not an investment/trading advise.
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Bharat Electronics is at very strong support zone.This support zone was a supply zone(resistance zone) back in 2017, and not it is becoming a support zone(demand zone), multiple times in a very short period of time. You can keep it on your watchlist.
BEL provides specialized electronic equipment requirements of the Indian Defence Services. It is totally debt-free company. Although after watching the FII activity in this stock, FIIs are taking very much interest after COVID-19. So, be alert.