BHEL: Reversal on cards Long

BHARAT HEAVY ELECTNSE

Description

⋅ Jul 10, 2017 9:58 AM

BHEL:
CMP 137.50

Last month, it was mentioned that BHEL chart is suggesting

A buy on dips towards 133-128 zone can provide better risk::reward ratio

Well the stock reversed exactly from that zone after making a low of 130.80

Going forward, the stock may gain further strength above 142...
Short to medium term Target 147 / 158

SL below 128

Take care & happy trading

LONG trading

Comments

hotpot64

⋅ Jul 11, 2017 4:16 AM

Hi
Thanks for the call, booked profits :-) I know it's bit early but it is bit of a slow movers.
Once again thanks

indiamarketoutlook

⋅ Jul 11, 2017 8:12 AM

@hotpot64, Nice...yes u r right, this has been a very slow moving counter compared to how other stocks have been giving 5-20% movements just like that...

we too have booked profits today above 141 levels and waiting to see for further indication for our next move...