DSKF16
Long

BHEL can See Strong REVERSAL after strong Retracement

NSE:BHEL   BHARAT HEAVY ELECT
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BHEL: @ 140.50
Why LONG:
#1. Retraced Near 0.786 Fib level.
#2. Cover Bearish GAP.
#3. Down side limited so 3R in Bulls Favor.
#4. RSI, W%R +VE Divergence.
#5. In Derivative segment PCR: 0.42 ( Suggests Consolidation / UP)

Best LONG @ 137.9 - @ 139.1

Intraday / Swing or Positional Levels.
Res. / TGT .:
@ 143.1, @ 144.7 - @ 145.8 (HZ), @ 148.9
@ 151.48, @ 153.15 - 154.3 (HZ), @ 157.5+
Sup. / Accumulation:
@ 137.9, @ 136.3 - @ 135.1 ( BZ ), @ 132.1
STUDY Purpose, For Trading Decision Contact Broker / Financial Advisor.
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