Indyan

BEL - FLAG

Long
NSE:BEL   BHARAT ELECTRONICS
BEL formed a flag pattern on hourly chart and also has MACD positive divergence on 2hr TF. Retraced 61.8 and now at 38.2 . Targets on chart.
Trade closed: target reached

Comments

Sir can we short on this level or wait ?
Reply
Indyan VIPULAMI
@VIPULAMI, No shorting for now. It may consolidate and move upward.
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