• BEL is on uptrend and forming higher high pattern in weekly basis.
• It made a strong parallel channel break out on 2024-May to 2024-Jun.
• Stock was consolidating from 2024-Jul.
• It forms a symmetric triangle and consolidated for last 7 month (211 days!)
• Today (28-01-2026) it gives a strong break out.
• Significate volume surge could be observed.
• An entry could be made near 440-450 zone with a SL below the trendline near 419.
• Consolidation range is 436-360=75 points. Hence Target 1 = 450+75=525 and Target 2 =450+75*2=600.
• Watch out psychological resistance at 500!! Trail and enjoy the bull ride.
• Educational purpose only. Happy learning.
• It made a strong parallel channel break out on 2024-May to 2024-Jun.
• Stock was consolidating from 2024-Jul.
• It forms a symmetric triangle and consolidated for last 7 month (211 days!)
• Today (28-01-2026) it gives a strong break out.
• Significate volume surge could be observed.
• An entry could be made near 440-450 zone with a SL below the trendline near 419.
• Consolidation range is 436-360=75 points. Hence Target 1 = 450+75=525 and Target 2 =450+75*2=600.
• Watch out psychological resistance at 500!! Trail and enjoy the bull ride.
• Educational purpose only. Happy learning.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.