BEL Short Term Breakout TradeThe stock has previously broken out with good volumes and retested the upper trendline, the point of entry. Trade is supported by brokerage calls and Supports Nearby.
Risk Reward Ratio - 1:1.
SL is placed below multiple major support zones, and previously upper trendline & near lower Trendline. Target is placed near the swing high based on fundamentals.
Note: Earnings will be disclosed during the trade duration. If results are not up to expectations or the trendline is broken after results, it may be a better option to exit the trade.
