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Bharat Electronics is currently behaving like a cadet who just found out there’s an extra ration of dessert at the mess hall.
With the stock flirting with its 52-week high and the RSI shouting "I'm not tired yet," we are staring down the barrel of a psychological breakout at the ₹500 level.
The order book is currently thicker than a George R.R. Martin novel, and with recent defense contracts piling up, the bears are essentially trying to stop a tank with a wet noodle.
If we flip the ₹468 resistance into support, it’s a straight march to the 500-yard line.
Just remember: in the market, as in the army, keep your stop-loss tight or prepare for a surprise inspection.
Bharat Electronics is currently behaving like a cadet who just found out there’s an extra ration of dessert at the mess hall.
With the stock flirting with its 52-week high and the RSI shouting "I'm not tired yet," we are staring down the barrel of a psychological breakout at the ₹500 level.
The order book is currently thicker than a George R.R. Martin novel, and with recent defense contracts piling up, the bears are essentially trying to stop a tank with a wet noodle.
If we flip the ₹468 resistance into support, it’s a straight march to the 500-yard line.
Just remember: in the market, as in the army, keep your stop-loss tight or prepare for a surprise inspection.
Note
#BharatElectronics is backtesting HVF funnel 2after meeting a interim target
#BEL
#IndianStocks
Note
This stock is creating wild swings..but the original Low 3 has not been violated , yet ...
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.