Aerospace and defense sector is one of the bullish area for investing. From F&O we have HAL and BEL, both are trader and investor favourite stocks.
HAL has given 6.94% return in past 30 days but we can see -0.56% return given by BEL instead of news in this sector.
Fundamentally this stock is a gem for investing but in short term we saw it is making lower low in chart.
👉Now 110 is a resistance and stock has tested lower range of the parallel channel. Breakdown is imminent and after breakdown we can see fall below 100 levels.
👉One can create short in future with 111 as SL for DEC series or can create a Bear Spread.
🌟BEL 105 PE DEC BUY AT 3.25
🌟BEL 100 PE DEC SELL AT 1.60
🌟Cost will be 1.65, so max risk in this trade is 9,405/-
🌟Target is 2.65/4.65/6
💥For Investor BUY BEL around 100. Avoid buying now or BUY above 112.
