BHEL in The Island

Nov 3, 2019

Bhel Looks Portfolio Stock Because
• Positive Divergence (RSI)
• Timing wise already consumed 12 years which is more than 7-8 years rally from bottoms of 11 to 390-400 zone going into 2007-2008 Financial Crisis Period
• Key Reversal Candle from lows of 40’s is confirmed recently.

Short term Trading Strategy

Plan A -
Buy above 61 for 77-80 Target zone

Plan B –
Sell below 55 for 49-50 / If holds below 48-49 can slip further downside to 45

Thanks for watching the video & your support.

Nov 4, 2019

Trade active

12:05 Hrs/4th Nov 2019

Nifty Index Update

Last Price @ 11910

Slipped from the tops 11980's. Already updated be careful at tops! Key support 11880-11900/critical 11850, which can hold & push index upside if any upside is left Else any sustained move below key support & later below critical level 11850 should be the warning bell. Thanks

Nov 4, 2019

Trade active

14:58 Hrs / 4th Nov 2019

Last Price@11953

It's a century for the day!!!

Index got support close to 11880-11900 - Low for the day @11905-11906 - As expected it pushed upside & trading at 11950+

First fall close from 11980's to 11900 & Buying close from 11900's.

Nov 4, 2019

Trade active

15:11 Hrs / 4th Nov 2019

Last Price@11933

Be careful at 11950's -Holding below -It can do all the job in fast & furious mode again. You won't even realize that your floor on which you have been standing has slipped!!! Going below 11900 which is psychological level.

Nov 5, 2019

Trade active

09:32 Hrs / 5th Nov 2019

Last Price@11918

I have already warned to be careful on tops close to 11980!!!

Downside Target shall be 11880-11900 & below 11880 /11850 - 11800 & 11785 as updated yesterday as well to be careful below 11950. Thanks

Nov 5, 2019

Trade active

10:50 Hrs / 5th Nov 2019

Last Price@11952

Above 11950 - You should be out of all sell trades moving above 11950. Only below 11950 -Sell is suggested or Sell close to 11980-12000 - No selling at all above 12000 levels
Kindly understand Trading zones.

Nov 5, 2019

Trade active

11:49 Hrs / 5th Nov 2019

Last Price @ 11921

Nifty Index Update

1st target close to 11900. If fails to go below 11900 -Traders can plan for short term long positions for upside target 11950 & 11980-12000 & Later Sell if holds below 12000 level.

Nov 5, 2019

Trade active

13:41 Hrs / 5th Nov 2019

Last Price@11890

Recent low @11861

2nd downside objective or target done as suggested Below 11880 - It is 11850 !!! Taking a pause or mid day break!!!

Nov 5, 2019

Trade active

14:09 Hrs / 5th Nov 2019

Last price @ 11890

Index Update

If fails to cross 11890-11905 resistance zone which acted as support zone in morning session. That is clue no- 1 for selling later & clue no-2 which confirms selling is below 11861 -day low

Hope you have wonderful day ahead. Thanks for all support.

Nov 6, 2019

Trade active

13:23 Hrs / 6th Nov 2019

Last Price- 11967

Nifty Index Update

Can You expect anything better than selling at 11980 & Buying at 11850-11860 as zones mentioned several times. Going beyond shall decide next!!!

Nov 6, 2019

Trade closed manually

14:35 Hrs / 6th Nov 2019

Last Price- 11987

Nifty Index - Last update

Finally - Bulls have made too far from 10670 lows which was entered just one day before FM's crucial meet was to happen & Nifty was unable to hold 10700!!!- still it was suggested to go long for 10840-11850 & 10900 -Later 10900+

What happened was amazing!!!

Current Scenario -

Even though Index crossed 12K after long time. Long positions would be suggested only if it holds above 12K else it will be touch & drop scenario!!!

Thanks & Have a wonderful day. Regards