BEL: CMP: 363.90 RSI: 80.47
BEL is consistently making new highs and is currently in a strong uptrend. The RSI indicates that the stock is in the overbought zone, following a sharp price expansion over the past week. Wave analysis suggests there is still an upside potential of 20–22% from current levels. However, some consolidation around these levels is likely in the near term. BEL could be a good trading candidate if approached with the following strategy:
Entry: 346-335
Target: 435
Stoploss: 318 (on closing basis)
✅ For more trading ideas like this, make sure to share and follow my Idea Stream! ✅
BEL is consistently making new highs and is currently in a strong uptrend. The RSI indicates that the stock is in the overbought zone, following a sharp price expansion over the past week. Wave analysis suggests there is still an upside potential of 20–22% from current levels. However, some consolidation around these levels is likely in the near term. BEL could be a good trading candidate if approached with the following strategy:
Entry: 346-335
Target: 435
Stoploss: 318 (on closing basis)
✅ For more trading ideas like this, make sure to share and follow my Idea Stream! ✅
Trade chiuso: obiettivo raggiunto
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Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.