BEL broke out of the trendline and currently bouncing back after retest.
Entry: Buy at CMP or between $2.2824 to $2.3468
Stop Loss: $2.1781
Try to accumulate the dip with tight SL and low leverage.
Note: This is not financial advice. I have done my own research and trading at my own risk. So, do your own research...
$BEL couldn't hold onto the momentum, the breakout was a strong till it met a strong Resistance, pushing it down, currently retesting the last demand zone, hopefully the supply is eaten up like others, if not it might get dragged down to last white line.....
Advice wait for breakout above the upper green line to Long but as for Now short will do, but don't...
Signals: Blue -> Green
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions and be responsible for your own investing and trading Activities.
Not a trade I am taking as I am getting ready for bed, but this was setting up nicely as an example to show the concept of timeframe continuity, and how we use it with reversals to create winning positions. The idea here is to re-enter after a strong first initial rally then retracement as soon as we see signs of full time frame continuity heading back in the...