Bel in my radar
expecting pending order trigger soon
option trader wait for perfect confirmation swing can enter now
all levels shared here for educational purpose.we are not sebi registered
NSE:BEL is strongly sustained above major support of 106.
My idea is to take entry at level of 106.50 with stop loss of only 2.5 Points (SL 104). Will hold till targets of 110 & 119
Note: This is my personal analysis, only for learning. Thanks.
Few things to look out,
1. Weekly Doji Candle. Next week closing will decide the momentum for this stock. I am inclined towards positive momentum. One weekly closing above 107.65 will ensure new uptrend.
2. Daily chart is also given. Fibonacci Retracement went just above 0.5 level. This indicates healthy retracement.
3. Major uptrend started from the gap which...
Hi all, hope you guys are doing well.
In this post, we are going to see how we can combine different indicators/concepts to create confluence zones and find high-probability trades.
Introduction
A trade that has a greater chance of success than a regular trade is called a high-probability trade. Obviously, it's our assumption that some trades have higher...
Bharat Electronics's trend line is now in triangle pattern. Need to wait for the pattern to breakout. The breakout range is 242.60 and the stop loss is 215 which should be below the trend line. The target is between 286 to 296.
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...
Looks suitable for Intraday.
Since this is an illiquid stock, therefore take the trade on a min 15 min timeframe.
This looks good for the short term too. (Switch to daily timeframe to get a clearer view)
Disclaimer: Not a buy or sell suggestion, this is my analysis shared for educational purposes.
Bharat Electronics Ltd
Good uptrend stock.
Weekly box broke.
I will try to add t 250 + levels.
Bharat Electronics has an operating revenue of Rs. 16,860.12 Cr. on a trailing 12-month basis.
An annual revenue growth of 10% is good, Pre-tax margin of 21% is great, ROE of 19% is exceptional.
The company is debt free and has a strong balance sheet.
BEL is showing good strength in price action. Forming a triangle pattern by making higher lows. Volume also rising.
Can buy at levels around 240 with an stop loss of 232- 230. Target around 275 with a time frame of 4-5 weeks.
Check chart for more detailed analysis.
Script: 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...
![BEL: BEL (Intraday) (Swing) [Illiquid Stock]](https://s3.tradingview.com/t/TPNWhD99_mid.png "BEL (Intraday) (Swing) [Illiquid Stock]")
