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)
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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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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.