#BEL ... What's next ? Here's my plan

Tried my best to make it crisp , give it a read !

### Buy Strategy:


- **Entry Point**: A breakout above the upper trendline of the symmetrical triangle, confirmed by a daily close above this level, would trigger a buy signal. The entry would ideally be around ₹310 (or slightly above the breakout level).
- **Target 1**: The initial target is set at ₹325, which represents a 4.74% gain from the breakout level. This target is conservative and takes into account possible resistance just above the breakout point.
- **Target 2**: If the momentum sustains, the second target is set at ₹340, reflecting a 9.37% gain. This target is more ambitious and aims to capture a significant portion of the potential upside in case the breakout leads to a strong uptrend.
- **Stop Loss**: A stop loss should be placed below the lower trendline of the triangle (around ₹285). This placement helps to minimize losses if the breakout fails and the price reverses.

### Sell Strategy:
- **Entry Point**: A breakdown below the lower trendline of the symmetrical triangle would trigger a sell signal. The entry would be near the ₹280 level (or slightly below the breakdown level).
- **Target**: The target for the sell trade is set at ₹240, which is approximately 16% below the breakdown level. This target aims to capture a significant portion of the downside move if the breakdown leads to a bearish trend.
- **Stop Loss**: A stop loss should be placed just above the upper trendline of the triangle (around ₹310). This placement protects against a false breakdown and potential reversal.

### Summary:
The strategy is designed to capitalize on the breakout or breakdown from the symmetrical triangle pattern. The buy strategy aims to catch the bullish momentum if the price breaks out above the upper trendline, with targets that allow for both conservative and aggressive gains. The sell strategy, on the other hand, aims to profit from a bearish move if the price breaks down below the lower trendline, with a substantial target to maximize potential profits.

The approach effectively manages risk with appropriately placed stop losses and provides clear entry and exit points based on technical analysis. As always, it's essential to monitor the trade closely and adjust the strategy as market conditions evolve.