BHEL - GHODA (Wait for Retracement to BUY)
Monthly View:
BHEL is a Ghoda Stock, on Monthly TF there is hammer & low of the candle is very IMP.
No doubt the Stock is in retracement.
Weekly View:
If we draw the Support TL, as of now it hold the support strongly. If this support breaks down stock may fall at 224 which is again low of the Major Event (Election) candle Low.
Daily View:
after understanding M/W view now the stock is at Crusial level at Support & if this support breaks down it will fall at 224
Final call: Wait & watch the IMP level since Nifty also standing at IMP support Level.
WHAT IF:
Option1: If the level breaksdown - SELL CALL and hedge with buy call (Bear Call strategy)
Option2: if any Weapon at support such as Bullish engulf - go long with Tight Stoploss (Equity buying)
BHEL is a Ghoda Stock, on Monthly TF there is hammer & low of the candle is very IMP.
No doubt the Stock is in retracement.
Weekly View:
If we draw the Support TL, as of now it hold the support strongly. If this support breaks down stock may fall at 224 which is again low of the Major Event (Election) candle Low.
Daily View:
after understanding M/W view now the stock is at Crusial level at Support & if this support breaks down it will fall at 224
Final call: Wait & watch the IMP level since Nifty also standing at IMP support Level.
WHAT IF:
Option1: If the level breaksdown - SELL CALL and hedge with buy call (Bear Call strategy)
Option2: if any Weapon at support such as Bullish engulf - go long with Tight Stoploss (Equity buying)
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