BHARAT ELECTRONICS LTDAtualizado BEL - TRENDLINE RESISTANCE
BEL face Resistance multiple times at the upper Trendline.
Today it gave BO, re-test is also done, heavy volume, now it may go towards 340.
For learning and educational purposes, not a trading advice.
Today it gave BO, re-test is also done, heavy volume, now it may go towards 340.
For learning and educational purposes, not a trading advice.
Trade ativo
BEL has taken support at 275, it should reverse from here, 267-264 is another support if it goes down.Nota
BEL faced resistance at 300 level and came down at 270 which is an old support. Made Hammer candle 21nov. before giving reversal. Today it made an Inverted Hammer, 320 is another resistance, now it may spend few days before going up.Nota
After making Hammer candle at support level on 21nov, BEL has reversed. It took support at our levels and reversed. Power of Price Action.
There was impact of negative move of Nifty during the 4th week of Nov, after that BEL started going up.
I am expecting it to complete the target of 340.
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.