An ascending triangle pattern seems to be formed in BEL in 5m and 15m timeframe. Also BEL happens to be at the 52-week high level. Hence take call positions once price crosses 144.30 level SL would be low of the breakout candle or you can have a reasonable SL as per your study. Targets can be marked as per pivots. Happy Trading :)
This content for only education purpose! I am not SEBI Register
BEL has broken out for targets of 145.Chart is self-explanatory.
*Bharat Electronics Ltd.* C&H Formation on Yearly Basis. Price BreakOut Sustained. ReTest of Price last Month & Strong Upward Pushback. Vol. Consolidation & Continued BuiltUp. Trail SL with Upside. Book Profit as per Risk Appetite. Do Your Own Research as well. This is an Opinion. Happy Investing 😇
*Bharat Electronics Ltd.* P&F Formation on Weekly Basis. Price BreakOut Sustained Vol. Consolidation Continued. Trail SL with Upside. Book Profit as per Risk Appetite. Do Your Own Research as well. This is an Opinion. Happy Investing 😇
The Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only...
Stock trading at 130 levels. Volume spurt seen in last trading day. also stock was consolidating since one month. One can add for 140 levels with strict SL 125
august month if fall REMEMBER WE NEED CONFIRMATION ..WITHOUT IT NO SELL.. see red candle confirmation retresment selling pressure till..115 after market sell slowly till 96 may be buying coming from115, 104.50 but best level for buying is 95 104 to 95 demand zone
selling pressure till..115 after market sell slowly till 96 may be buying coming from115 but best level for buying is 95 ..
BEL seems good to buy positional Cash one can hold it with 97 Stop Loss BEL100CE @2.61 with 2/- SL is good , Targets - 3.5/4.5/5.5/6.5 Above pink areas are reversal zones and targets
BEL trading at all time high. One can add at 125 Targets- 140,160 Sl - 108
Refer chart details Stock name : bel Timeframe : daily
Still alive with a minor boost. Public sector has bolstered with Government support.
Reason for long a) Mr.14 Set up b) channel support c) w formation e) SL compulsory