BEL trade ideas
BEL NOT AN INVESTMENT PICKBEL HAS BORKEN KEY LEVELS OF SUPPORT ON MONTHLY,WEEKLY
NEXT SUPPORT ZONE IS 106-91 APPROX
IF BREAKS THIS ZONE THEN IT WILL BE IN LONG TERM BEAR ZONE.
INVESTORS LOOKING TO INVEST ON THIS STOCK SHOULD REFRAIN ENTERING THIS STOCK AT THIS MOMENT. LOOK FOR ENOUGH BUY MOMENTUM ONCE IT REACHES SUPPORT ZONE TO MAKE FRESH INVESTMENT.
BEL is giving a Swing move to 180-182BEL has closed Above 8/21/63 SMA after a good correction. Stocks should easily take 180-82 soon in my opinioin.
**Opinion is completely personal and no buy/sell decision must be taken without advice from a certified Analyst.
Bullish BEL get bullist Inverted Head & Shoulder - BuyUsing Inverted Head and Shoulder pattern for bullish continuation confirmation
Explained rest in chart
Feedback invited
Wait for the Breakout!!!!!!!!!! (BHARAT ELECTRONICS)Greetings Friends . BEL is now trading inside a Channel . If the support holds on we can see a rally up to the resistance zone again. If the market breaks the support, we can short the market. Hope y'll find this useful . G'day .
BEL - Possible GartleyBEL - Possible Gartley - To be updated later with more detail if Point C formed as per chart
Bharat Electronics ( BEL ) - Technical Analysis - 9/22/2016Bharat Electronics' ( BEL ) stock is stuck between 1000 and 1400 for past one and half year. Jump from 300 to 1300 was swift but then some reality caught up. Usual market buoyancy and fertile ground for equities due to central bank policies has made the valuation part confusing. As we mentioned earlier that it is futile to fight easy money and stock market will either keep going up or consolidate until it crashes. There is no check and balance here. Anybody who is dabbling with the market must be cautious and instead of chasing, should play the established range.
In normal circumstances, a run up higher and consolidation is very bullish sign but this is not the time to bet on quick big gains. Rather trading tactic should be,
1. ) Buy puts when it breaks 1400 for the first time to cash on the pull back.
2.) A break about 1400 should be confirmed by being supported at that level but we are not keen on trading that break as of now.
3.) Drop towards 1000 support area should provide couple of good trades from long side. But always keep in mind that if that drop is due to some kind of equity meltdown then there is nothing to support the stock until 700 - 800.
Bullish on Bharat Electronics (BEL)BEL has possibly completed it's correction and the current up move can be taken as a 1-2-1-2 count. Any move above the green TL would be bullish. The black TL must hold for a sustained up move.
