VKTheIndianTrader

BHEL Swing Trade - Long - Aug Expiry 10% Target

Long
VKTheIndianTrader Updated   
NSE:BHEL   BHARAT HEAVY ELECT
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
Comment: 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
Comment: Target achieved on short side
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