BHL Long investment THIS COMPANY UNDER DEFENSE MINISTRY ,
Products- Avionics, radars, weapon systems, C4I systems, electronic voting machines, etc.
For short term or swing target 122-124 ; stop-loss - below 110
(stock become remain in strength above 115 )
For Long term target 180-190 stop-loss near 95
(stock remain in movement above 115 and breakout level is 125)
BEL trade ideas
BEL Short.Completed its Double bottom pattern.
It may test the 90 support level once to continue the rally.
Also forming a Bull Flag pattern in 1 hour time frame.
One can take a counter swing trade up to 90rs
Stop Loss above 100/- closing basis with double conformation. OR if break the parallel channel.
Bharat electronics cup and handle formation The set up has completed round shape, now currently forming handle part, it usually takes 1 month.
The probable retrenchment are drawn, wait for formation to get complete.
On reversal if price crosses neckline (103) , It may go up to 140-150.
Duration will be 8-9 week after neckline break out to reach the estimated level.