AbhishekHSinghCMT

Bhel- Close to 113.75 Swing Low-Bears happy below 146

NSE:BHEL   BHARAT HEAVY ELECT
210 4 3
Heading Close to important swing low@113.75- if it fails to take out that level- traders can keep a close watch for bulls returning above 113.75 level intact.
In previous update- expected bullish move only above 146 but it did not sustain above that level & Bhel             slipped down.

Trading Strategy
Traders can look to buy with strict stops below swing low@113.75 but should wait to see some bulls coming above that level. Looking at Index bounce upside likely correction extends & 113.75 is intact for one more leg upside before bears join from the top again.

Going below 113.75- likely bears will take it deep down below 90 swing lows.

Pullback done@162.90- Click The chart & Use load bar feature

Trade active: 05:42 Hrs 28th Dec2016

Last Price@119.25

Day's Low@116

Key level-113.75 - Keep an eye on the same as suggested above if 113.75 holds then possible bounce
Trade active: 13:55 Hrs 30th Dec2016

Last Price@120. 25

Trail your stops to 118 if taken long as expected above once it starts moving below 118 – exit the trade --Try & pick above 113.75 if it holds above that level-using stops below 113.75- going below 113.75 –it will start moving downside.
Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
http://in.tradingview.com
| LinkedIn
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
Thanks,
Reply
@AMBRISH, Stops below 113.75 paying out-- I am enjoying Spicy Bhel- Do you love sweet one or spicy Bhel?
Reply
Thank you Abhishek for the chart and happy new year🎉🎄
Reply
@piptamil, Wish You A Happy & Prosperous New Year2017
Reply
EN English (IN)
EN English
EN English (UK)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out