BHEL - LONG TRADE
Updated
It can be good choice for swing trade for a couple of weeks if it breaks the downward trend-line followed from 13 Oct 2021.
Trade Details:
Trade Active: When trend Line breaks
Entry: below 63
Stop Loss: Below Trend line
Targets: 66, 69.7, 74, 77
Holding Period: at least 2-3 weeks
Use trailing Stop Loss: Keep Stop Loss below the target , once the stock is going for next target.
Happy Investing :)
- For this stock 60.7 acts as a crucial level from May 2004.
- The Stock is at a trend line support
Trade Details:
Trade Active: When trend Line breaks
Entry: below 63
Stop Loss: Below Trend line
Targets: 66, 69.7, 74, 77
Holding Period: at least 2-3 weeks
Use trailing Stop Loss: Keep Stop Loss below the target , once the stock is going for next target.
Happy Investing :)
Comment
Consolidating at the trend lineTrade active
Can be bought at or below 62, braking trendline with high volumeTrade active
Entry below 63Comment
Just wait for the target or Stop Loss, Happy Trading :)Trade active
Last day it traded with volume above last 20 MA and price going upwards. Keep looking :)Comment
Keep SL at 58, use trailing SL once a target is reached.Comment
The ~60.7 is acting as quiet crucial till now :)Trade closed: stop reached
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