BHELLong
BHEL LONG
I previously posted an idea to short BHEL only IF it breaks the marked distribution phase from the lower band. If you see the description of the previous idea on BHEL, you can see that I have written there that ONE MAY LOOK FOR BUYING OPPORTUNITIES IF IT GIVES A BREAKOUT FROM THE UPPER SIDE OF THE RECTANGLE.
And here we are Today Bhel gave a good breakout form the upper range. And hence, as suggested before, one may look for buying opportunities now and we will now treat this distribution phase as RE-ACCUMULATION PHASE!!
LEVELS: (Based on weekly charts
ENTRY: Buy above 81 (on closing basis)
Target 1: 100
Target 2: 108
Target 3: 119
STOP LOSS: 73
TRAIL STOP LOSS
I would recommend going long on BHEL with above levels ONLY
FOLLOW IF YOU LIKE THE ANALYSIS
LIKE AND COMMENT WHAT YOU THINK ABOUT THIS!!
THANKS
And here we are Today Bhel gave a good breakout form the upper range. And hence, as suggested before, one may look for buying opportunities now and we will now treat this distribution phase as RE-ACCUMULATION PHASE!!
LEVELS: (Based on weekly charts
ENTRY: Buy above 81 (on closing basis)
Target 1: 100
Target 2: 108
Target 3: 119
STOP LOSS: 73
TRAIL STOP LOSS
I would recommend going long on BHEL with above levels ONLY
FOLLOW IF YOU LIKE THE ANALYSIS
LIKE AND COMMENT WHAT YOU THINK ABOUT THIS!!
THANKS
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