Crime Today News
Bharat Electronics Limitedâs (BELâs) stock has been in a long-term uptrend. The latest leg of upswing began after it took support at â¹175 two weeks back. Last week, it broke out of the resistance at â¹196 and â¹200. This has opened the door for another round of a rally. Notably, despite the broader market facing downward pressure on Wednesday, BELâs stock remained steady. This is a positive sign.
We expect the stock to resume the rally soon and it is highly likely to touch â¹220 in the short run. Therefore, buy BEL now at around â¹205 and on a dip to â¹200. Place stop-loss at â¹195 at first. Revise the stop-loss to â¹206 when the price rises to â¹212. Tighten the stop-loss further to â¹212 when the stock hits â¹215. Exit at â¹218.
(Note: The recommendations are based on technical analysis. There is a risk of loss in trading.)
Crime Today News | Markets | Commodities | Forex | Stocks
Source | Powered by Yes Mom Hosting
Crime Today News Agency
