BEL trade ideas
BEL - Inverted Head and Shoulders - BUY above 122Inverted Head and Shoulders pattern on BEL.
Wait for BUY to trigger above 122
Target - 180
SL - 85
BEL { Short 30 M }At resistance, we can bet for a short trade here . As it also forming doji clearly increasing chance of falling to the target ( Lower white line ).
We should take a trade as PCL break in 30 M time frame. And trail it by PCH as SL.
BEL is showing bullishnessBEL is taking support at the previous downward trend line and and now its starting to move up today it is closing above 20 MA confirming the bull run TGT area for this trend will come around 141
BEL Possible Long Opportunity (Waiting for Handle breakout)Kindly consider this as knowledge sharing and not any kind of recommendation!
Bharat Electronics is forming a Cup & Handle Pattern on a WEEKLY timeframe
Important Observations
1. Price is near the demand zone as well as lower channel line of Handle
2. Volumes on the consolidation of the handle are low
3. A handle is considered valid if retracement is 1/3 to 1/2. We haven't reached that level yet
All in all, keeping my eyes on this Script!
Bear Going all the way.BEL will cont to be on bear for some while so use this opportunity for the best use case.
BEL - BHARAT ELECTRONICS NSE:BEL
BEL LOOKS GOOD ON HOURLY TIMEFRAME, IT HAS FOUND SUPPORT AT 109.50 IN LAST FEW DAYS, IF SLIPS BELOW THAT THEN 105
ELSE 113, 144.75, 116, 117.50 CAN BE SEEN ON UPSIDE
KEEP TRAILING YOUR STOP LOSS
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Hi all,
Its pleasure to have you all here.
I have started putting these charts as a contribution from my side to all people who are new to business, as I had to struggle a lot without any sources at disposal. So please consider this a just small contribution from my side.
Few Honest Disclosures:
1. Any idea shared is my personal view, its not a recommendation, neither any kind of paid propaganda, so please
do your bit of research.
2. Ideas shared does not mean that I trade all or have position in them, this is just a helping hand to all.
3. I expect no comments or like nor any negativity, as I said its just a small helping hand from my side, please plan your risk and trade as per your capacity.
4. To trade in Cash, options or futures is your sole choice and your own risk
5. I am no expert in Tech Indicators, I believe in support resistance and trendline theory, you may use this as a supplement theory for better results.
6. I work for my own living, this is a hobby which I do sincerely to help anyone who might come across my charts.
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BEL THIS COMPANY UNDER DEFENSE MINISTRY ,
Products- Avionics, radars, weapon systems, C4I systems, electronic voting machines, etc.
For short term or swing target 122-124 ; stop-loss - below 110
(stock become remain in strength above 115 )
For Long term target 180-190 stop-loss near 95
(stock remain in movement above 115 and breakout level is 125)
BHL Long investment THIS COMPANY UNDER DEFENSE MINISTRY ,
Products- Avionics, radars, weapon systems, C4I systems, electronic voting machines, etc.
For short term or swing target 122-124 ; stop-loss - below 110
(stock become remain in strength above 115 )
For Long term target 180-190 stop-loss near 95
(stock remain in movement above 115 and breakout level is 125)
