1) BEL has been trading within a channel since late 2014
2) Current week candle has broken the channel median line and trading below 26 week simple moving average
3) Could test the channel bottom.135-140 zone could be important support.
Looking forward to buying after bounce at channel bottom
2) Current week candle has broken the channel median line and trading below 26 week simple moving average
3) Could test the channel bottom.135-140 zone could be important support.
Looking forward to buying after bounce at channel bottom
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Buying opportunity coming soon! So far made a low of 140
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Facing resistance at the channel median line
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As per our previous analysis its currently testing the channel bottom. We need to wait and watch or a bounce