BEL trade ideas
Bharaat heavy electricalsObswervation : Breakpit above 67
Strength : Strong Breakout.
85-86 levels Strong resistance (Above it new tradign range)
View negates below 77 (on closing basis)
Happy Trading
Box breakout happendBox breakout happened but monthly support at 83. so once it is done trget will be 94
BHARAT ELECTRONICS ON THE VERGE OF A BREAKOUTNSE:BEL
BHARAT ELECTONICS has formed the classic cup and handle pattern on the daily chart. With high buying volume and a positive trend indicates a breakout with a possible target of around 20%.
Short BEL : Bearish Engulfing Supported by Double TopShort @73.5-74
Stoploss @77.4
Target 1 @68.9
Target 2 67.5
For educational purpose only.
You might see info lines on the chart, was tinkering with them :P
#BHARAT ELECTRICAL BHARAT ELECTRICAL HAS FORMED BEARISH GARTLEY PATTERN ON HOURLY CHART PATTERN.
VIEW NEGATE ABOVE 77.5 ON CLOSING BASIS.
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
