BEL IN COSOLIDTION SEEMS LIKE ACCULULATION OR DISTRIBUTION WAIT BEL IN COSOLIDTION SEEMS LIKE ACCULULATION OR DISTRIBUTION WAIT AND WATCH?
BEL IN COSOLIDTION SEEMS LIKE ACCULULATION OR DISTRIBUTION WAIT AND WATCH?
BEL IN COSOLIDTION SEEMS LIKE ACCULULATION OR DISTRIBUTION WAIT AND WATCH?BEL IN COSOLIDTION SEEMS LIKE ACCULULATION OR DISTRIBUTION WAIT AND WATCH?BEL IN COSOLIDTION SEEMS LIKE ACCULULATION OR DISTRIBUTION WAIT AND WATCH?BEL IN COSOLIDTION SEEMS LIKE ACCULULATION OR DISTRIBUTION WAIT AND WATCH?BEL IN COSOLIDTION SEEMS LIKE ACCULULATION OR DISTRIBUTION WAIT AND WATCH?BEL IN COSOLIDTION SEEMS LIKE ACCULULATION OR DISTRIBUTION WAIT AND WATCH?BEL IN COSOLIDTION SEEMS LIKE ACCULULATION OR DISTRIBUTION WAIT AND WATCH?BEL IN COSOLIDTION SEEMS LIKE ACCULULATION OR DISTRIBUTION WAIT AND WATCH?BEL IN COSOLIDTION SEEMS LIKE ACCULULATION OR DISTRIBUTION WAIT AND WATCH?
BEL trade ideas
BEL long term AnalysisAny of my investment or trades I share are provided for educational purposes only and do not constitute specific financial, trading or investment advice. This is intended to provide educational information only and does not attempt to give you advice that relates to your specific circumstances.
BEL - The new cat for the bulls. Bharat Electronics, broke the important resistance line. The significant point note is the couple of formations (cup and handle and Inv Head and Shoulder) that it has printed in this journey. Earlier occasion also it did try 120 and corrected towards the 90 handle. Now the higher base is around 108 (for medium term buyers) and near term the 118.00 handle remains as stops. Buy side is preferred as the stock has much higher potential to print (part of the Secular PSU and Make in India movement). Stay Long
BEL Price action BEL seems to come out of box along with making a reverse head and shoulder pattern. Trade with targets of upto 170 , keeping stop loss at level of right shoulder i.e. around 88. The company also seems to improve fundamentally with healthy dividend payout , almost debt free and increased cash flow and assets.
BEL- CMP 118.25BEL- CMP 1.25 - BEL is showing a sort of inverted head and shoulder pattern. With todays upmove it is confirmed. Volumes are also very good. RSI rising MACD rising. Longs can be initiated with SL of 110 for target of 123.5, 130, 140+ This is for educational purpose only and consult your financial expert before investment.
BEL- CMP 114.9BEL- CMP 114.9 - BEL is trading in ascending channel pattern. It has fallen recently from upper end of the channel and taken support at bottom of the channel and is going towards upper end of channel. It can go up to 123 initially and can further move up to 130 levels soon can buy with a sl of 109. This is for educational purpose only and if any trade is done shall be with the advice of financial experts.
BEL breakout on Weekly ChartNSE:BEL
BEL on weekly chart finally seems to be given valid breakout to major level of 118. Which looks good for short term and well as swing traders.
BEL on week of 7th December 2020 had already try to give breakout to the same level but it had face solid rejection there, after closing of the last week (14th December 2020) I can say that the supply which cause the rejection we are seeing on 7th December candle was actually absorb by the bulls and the result of the same is last weeks bullish closing which also manage to close above 118.
Do note level of 85 is become strong support for this counter for future trend and next resistance for BEL if 178 which actual a lifetime high for now and as per current trend of BEL its looks like its about to make new lifetime high.