This chart highlights a bullish setup in BEL, where a classic cup and handle pattern forms alongside a visible Volatility Contraction Pattern (VCP) near the all-time high (ATH) resistance at 435.85. The stock is consolidating above the demand zone, supported by rising moving averages and a clean base, suggesting strength. A breakout above ATH with VCP confluence signals a potential momentum move, making this a high-probability trade for trend-following traders.
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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.