Bharat Electronics Ltd (BEL)

前天

Observations:
Demand Zone: Identified between ₹269.50 and ₹280.80.
Supply Zone: Identified around ₹330.75.
BOS (Break of Structure): Price has broken a significant structure, indicating potential bullish momentum.
CoCH (Change of Character): Transition from bearish to bullish sentiment is evident.


Entry Point:
Enter long near the demand zone (₹269.50–₹280.80), preferably closer to ₹280 for better risk-reward.


Stop Loss:
Place the stop loss slightly below the demand zone, around ₹269.50.


Target (Take Profit):
Primary target at ₹330.75 (supply zone). This offers a favorable risk-reward ratio.

Risk-Reward Ratio:
Risk: Approx ₹10–₹15 (entry to stop loss).
Reward: Approx ₹50–₹60 (entry to target).

Additional Confirmation:
Monitor price action at the demand zone for bullish candlestick patterns or volume spikes before entry.

Invalidation:
Trade setup is invalidated if the price closes below ₹269.50 on higher timeframes (e.g., daily chart).