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BEL

BEL - Possible move towards ATH Key highlights: ⚡️ Symmetrical Triangle ⚡️ Support from Flip zone ⚡️ Bullish market structure ⚡️ Volume expansion A logical setup is to enter on the retest of 240 zone on lower time frames. Aggressive stoploss: 237 Safe stoploss: 230 Disclaimer : This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk. Happy learning. Cheers! Rajat Kumar Singh (@johntradingwick) Community Manager (India), TradingView
NSE:BEL
by johntradingwick
BEL- Breakout- Strong Chart- ++ ResultsScript: BEL Nifty50 Stock: NO Sector: Defence & Aerospace Results: Published on 16th July. Very Positive Result. Q1 EBITDA RUPEES 5.22B VS 700M (YOY). Q1 CONS NET Profit Rupees 3.65B vs 243M (YOY) BEL seems to be breaking out a triangle pattern, although it'll face resistance at 247.50 - 250 (fib level + MAX call writing as per OI), sustaining above this could take it to 260 (ATH) easily and much higher. If you notice the FIB levels, it's re-traced back up to 216.95 and bounced. Now taking support at each FIB level. BEL has major support at 230-225 - demand zone. BEL is a strong script fundamentally and also on a chart. It's result came positive published on 16th July 2022. BEL consolidated between 200-220 for a few months before breaking out the range and had rally all the way up to 260 in APR 2022. Buying (1st entry) should be above 248-250 if it sustains these levels or breaks out with volume from here. FYI - Max call writing at 250. They (call writers) at 250 may have to cover their positions in next couple of days. Once it hits 259-260 (ATH), profit booking may happen and it may re-test 247-250 before further rally. Further buying (2nd entry) should be only after breaking 260 after re-testing else rejection could be heavy from higher levels. If you see no re-test/ retracement and there is a parabolic move then it's wise to avoid entry otherwise you may get trapped. CAUTION - TIP of the DAY : Better to wait for an entry when you see price reaching at resistance. This is the level when Bears get active and try their best to defend their positions. Weak hands will run away and book their profit/loss first. If bears find a little weakness from bulls then they may get aggressive and we can see heavy rejection. So either wait till it breaks resistance with volume or retrace first and then try to break the levels. BEL has posted very good results though which will be in favour of bulls. So breakout should trigger short covering above 250 and hit higher levels ie 260, 270, 280 & 293 in very near future. Keep an eye on breakout. *** For F&O - Always hedge your position or keep SL in the system *** Play Safe! Protect your Capital! ***
NSE:BELLong
by UnknownUnicorn24770148
2
🔥 BEL back at it again ! What will happen this time?Hello, dear TradingView members. This idea is a BEL analysis. BEL pumped 24%, just like last week. If you remember, we planned two different scenarios for BEL last time, and scenario number two happened: Now that the price has gained more strength from the support level, it has pumped back to the resistance levels and crossed one. The RSI is showing overbought signals, and the price has moved above the upper Bollinger Band. What happens now? Well, this is a weakness. The price has to slow down, whether by a dump or consolidation on the previous resistance level, which might now turn into support. Scenario one: A breakout: The price will slow down, move sideways for consolidations, and after gathering enough buy volumes, it will continue to grow. Scenario two: A fake-out: After consolidations, the local resistance level will reject the price and push it down to lower levels. The Bollinger Bands are broad, and the price moves above the upper band. That is not a good sign. The Speedometer indicator shows Buy volumes on the market for BEL on a 1D interval. Let me know if you guys have any questions; I will be more than happy to help. Good luck, and thank you.
by ShawnMCR
15
BEL and the 26% pumpHello, dear TradingView members. This idea is a BEL analysis. Today BELUSDT made a 26% pump. Before we FOMO and buy or sell, let's see what possible scenarios. RSI is also above 83, which shows overbought signals. Usually, when this happens, the price pulls back down. Scenario one: A breakout (Not likely to happen): If that bullish candle closes above this area, it can later perform a pullback and make it a breakout confirmation. Scenario two: A fake-out: The price might go even higher but then lose strength after hitting one or two resistance levels and fall back to the previous support area. The Bollinger Bands are opening and making a wide channel, and the price is pushing higher than the upper band. Now, this mostly shows overbought signals, which aren't healthy. This might cause weakness in future hours. The Speedometer indicator shows Buy volumes on the market for BEL on a 1D interval. Let me know if you guys have any questions; I will be more than happy to help. Good luck, and thank you.
by ShawnMCR
23
BELUSDT (Bella Protocol) Daily tf Range Updated till 30-5-22BELUSDT (Bella Protocol) Daily timeframe range. breaking a alts last low never a good perk its comes with risk for future holders. but hey it got back up pretty strong over 400%+ from its recent low is no joke within not so long period of time. the range for swing setups are cool but we do need to keep the risk in mind as the more space within its level the higher risk it offers and profits, a sudden giant candle opens many doors of possibilities.
by cryptoforever1