Bharat Electronics Ltd

Date 16.08.2024
BEL
Timeframe : Day chart
Remarks :

1 At present trading around neckline if breaks neckline then lower side targets will active
2 Se fibonacci as targets/support & resistance
3 See trendline as major reversal area
4 Can also incorporate 50 ema, 100 ema & 200 ema combination for support/breakdown or reversal areas
5 Both shoulder tops are also major resistance area price action wise

Regards,
Ankur