Reason for taking this trade: 1. BHEL is making Higher High 2. RSI is coming back from Overbought and taking support at 50 level. 3. With Buy around 122 and a target of 150 4. With Stop loss of 117 or we can wait till 112. 5. Volume: For this correction volume is less compared to the move.
Note: Only for Education Purpose.
Trade active
⋅
We got an entry at 124. Price moved till 131. Trail your stop loss till it reaches the target