BHEL - Monthly chart looks highly bullish.
Buy above 44.5 (Neck point of Harmonic analysis) for targets as follows
Bearish BAT Pattern target - 67.5 to 68.0. At this point, we might see a small reversal so once can book 50% profits at this level.
After a reversal, once it crosses 67.5 again, re-enter with the same 50% again.
Bearish Crab pattern target - 108 to 110.
Safe SL will be 35 on a monthly close basis.
Aggressive SL will be 30 on a monthly close basis.
My personal view - Chart looking very bullish after many many many years.
Dis:- Holding from less than 30 levels over last 4 months & huge quantity too.
Buy above 44.5 (Neck point of Harmonic analysis) for targets as follows
Bearish BAT Pattern target - 67.5 to 68.0. At this point, we might see a small reversal so once can book 50% profits at this level.
After a reversal, once it crosses 67.5 again, re-enter with the same 50% again.
Bearish Crab pattern target - 108 to 110.
Safe SL will be 35 on a monthly close basis.
Aggressive SL will be 30 on a monthly close basis.
My personal view - Chart looking very bullish after many many many years.
Dis:- Holding from less than 30 levels over last 4 months & huge quantity too.
Trade active
Target 1 hit... Waiting for Target 2Note
Moving Towards Target 2 again after a pullback from Target 1
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.