BHEL AT CRUCIAL LEVEL OF TREND RESISTANCE LINE

BHARAT HEAVY ELECTNSE

Description

⋅ Feb 7, 2021 4:39 PM

BHEL at crucial level of both Weekly and Daily Trend line Resistance level , 4 HR RSI in overbought reason so small correction expected before moving up.

Comment

⋅ Feb 8, 2021 8:45 AM

-VE News Loss in Q3
economictimes.indiatimes.com/markets/stocks/news/bhel-plummets-8-on-q3-loss-analysts-see-up-to-43-downside/articleshow/80743280.cms

Comment

⋅ Feb 8, 2021 1:45 PM

if it breaks 39 then further breaks down expected.

Trade closed manually

⋅ Mar 7, 2021 4:07 PM

Trend Analysis Weekly Charts

Comments

ravibhaloo

⋅ Feb 7, 2021 4:53 PM

RoopaNaveen

⋅ Feb 8, 2021 5:43 AM

will it fall too much

Manish-Mishra

⋅ Feb 8, 2021 6:18 AM

@RoopaNaveen, I am expecting based on current data if it breaks 39 then may go in 35-37 Zone to bounce back UP.(Please watch out daily trend line)

RoopaNaveen

⋅ Feb 8, 2021 6:26 AM

@Manish-Mishra I have it at 34 already. is it good to exit at 40 n buy back at 35 again ?

Manish-Mishra

⋅ Feb 8, 2021 7:11 AM

@RoopaNaveen, Depends if you want to go Long term you can keep Target1-47 and Target2- 58 with stoploss of 30 (Please Do your study of 1HR trend line and RSI )