GRINDELWALD

LONG ON BHEL....

Long
NSE:BHEL   BHARAT HEAVY ELECT
2
THE STOCK IS IN UPTREND.....AND THE NEWS REGARDING COMISSIONING OF 250 MW THERMAL POWER STATION SHOULD BE A NEW REASON FOR A PUSH ON THE UPPER SIDE.....AND TECHNICALLY THE STOCK HAS NOT MOVED BELOW THE LOW OF THE FIRST OF THREE CANDLE....i.e 22/3/2017...AND THE RECENT RED CANDLE HAS LOW HIGHER THAN THE OPENING OF THE GREEN CANDLE...SO BEARS WERE UNSUCESSFUL HERE....AND ALONG WITH THAT A DIVERGENCE CAN BE SEEN IN THE RSI AS WELL...
Comment: 1ST TARGET WILL BE 171.50
STOP LOSS WILL BE 164.80
Comment: one can exit today....very small price range seen...
Trade closed manually