BEL trade ideas
BEL BUYThe defense sector is in focus, yesterday HAL gave a breakout, it is likely other defense stocks are going to carry on forward and follow HAL. BEL is a strong stock and has been consolidating in this region for a while, furthermore we can see a large volume buildup at this certain price level. The targets are attached in the chart, not a buy sell reco NSE:BEL
BEL - Ascending Triangle pattern formationAn 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 :)
Bharat Electronics Ltd *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 😇
BEL - 240 MIN TIME FRAMEThe 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 (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle.
Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price.
Keep it simple, keep it Unique.
please keep your comments useful & respectful.
Thanks for your support....
Tradelikemee Academy