BHEL Swing Trade - Long - Aug Expiry 10% Target
Why Long
- RSI Support taken @ 45
- Trading above 20 Days SMA
- Little increase consolidation on volumes at current level
- 20%+ fall already in the stock
- Did not perform in current Nifty rally
Why Long
- RSI Support taken @ 45
- Trading above 20 Days SMA
- Little increase consolidation on volumes at current level
- 20%+ fall already in the stock
- Did not perform in current Nifty rally
Note
Buy BHEL Call Option 55CE @ 3.00, if cross 2.80 @ Spot Price 56.50 for Target 1 - 5 Rs ( Spot Price - 59 ) - 80% profit - 1 week
Target 2 - 8 Rs ( Spot Price - 62 ) - 150% profit - Aug Expiry
Stoploss - 1.40 Rs ( Spot Price - 53 ) - 40% loss - Aug Expiry
Note
Target achieved on short side
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.