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bikramkeshari11

BEL - Ascending Triangle pattern formation

Long
BHARAT ELECTRONICS (NSE:BEL)  
bikramkeshari11 Updated   
NSE:BEL   BHARAT ELECTRONICS
Pivot Points Multiple Time Frame Analysis Triangle
9
2
pivotpoints mtfa triangle
An 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 :)
Trade closed: stop reached:
It was a fake breakout. My SL reached
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