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! ✅
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.