AbhishekHSinghCMT
Long

Bhel- Boom- Kissing Right Shoulder Head@133

NSE:BHEL   BHARAT HEAVY ELECT
281 views
8
What a spicy Bhel- did you the taste. We took with a risk of 3 points & buying in the zone 116-117 with strict stops below 113.75 as per previous update- "in the right shoulder making the neckline"

Previous update- Bhel 2016 Diary- In the Right Shoulder-Making the neckline
Trade active: 14:43 Hrs 20th Jan2017

Last Price@128.90

Right shoulder top is done @134- is it?
Comment: 18:18 Hrs / 2nd Nov 2019

Last Price@57

What happened to BHEL in 2017 at the highs of 130's
Best Regards,
Abhishek H. Singh, CMT
​Growth Director - TradingView India
YouTube Channel https://www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
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Comments

abv 132...next level is 137 ....right?
Reply
AbhishekHSinghCMT RajeshGambani
@RajeshGambani, That could be possible, but make sure Bhel does not sustain or go below 130 levels.
Reply
AMBRISH AbhishekHSinghCMT
@AbhishekHSinghCMT, Now what?
Reply
If Bhel crosses neckline then it will head for 146?
Reply
@AMBRISH, Ambrish-- please refer head & shoulder patterns - neckline is the line -connecting point between left shoulder & head-- head & right shoulder --In present case 113.75 & 116.10 is the "neckline" which is a support line- once Bhel goes below that line it will move down not for 146 ---so we will open for targets of previous lows 90-95 zone.
Reply
AMBRISH AbhishekHSinghCMT
@AbhishekHSinghCMT, i am still amateur in technical s, Thank you for your guidance.
Reply
@AMBRISH, Once upon a time -I was a sales guy. So, no one can stop you other than yourself - amateur becomes the best in the industry- keep learning & moving forward. Cheers!
Reply
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