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PrabhuAmar

BEL looking very bullish the next few weeks

Long
BHARAT ELECTRONICS (NSE:BEL)  
PrabhuAmar  
NSE:BEL   BHARAT ELECTRONICS
Trend Analysis Chart Patterns Technical Indicators BEL uptrend
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trendanalysis chartpattern indicator bel uptrend
- The Fibonacci ext. shows a target of 1.618, i.e. around 170. Usually, movement of price to 1.618 is faster than the rest of the levels.
- BEL trades in an uptrend.
- It broke yearly resistance (in Jan 2021) and is now showing more upward movement.

Buy now and sell at 146 for swing trade and ~170 for positional.

Thank you.
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