BHEL -- INTRADAY SETUP -- 17/01/2022

Jan 16, 2022

BHEL -- pick as intraday on 17/01/2022 Due to strong bullish technical indicator, stock has 200 SMA support , Bullish CUP pattern formation with strong trendline breakout with Good volume, Channel breakout, Bottom formation before breakout all indicators seen on hourly chart . stock can give upmove 2-3% on intraday for next trading session. can stay long also for 10.20% upmove for positional trade from cmp 63.70.

all techncial indicators explain in chart !!

BUY BHEL @ 63.70

TARGET 65-66 INTRADAY

STOP LOSS 61.25


intraday support : 61.70, 62.50
intraday resistance : 64.70, 65.80

*PLEASE DO OWN ANALYSIS...IDEA FOR EDUCATIONAL PURPOSE...take call at own risk!

HAPPY TRADING !!

Jan 17, 2022

Note

premarket order at 63.75

Jan 17, 2022

Note

part profit booking at intraday resistance 64.50

Jan 17, 2022

Note

part profit book 64.50 will wait next for 65 level since 64.50 breakout now !

Jan 17, 2022

Note

BHEL high point of the day 64.55 so 1 % profit margin from Buy LEVEL nifty trading very narrow range today ..Hence trade end with some profit. !!

Jan 17, 2022

Note

Happy trading. !!

Jan 18, 2022

Note

60 level is support level ..this level should hold 2-3 session ..for bounce back again.

Jan 24, 2022

Trade closed: stop reached

stop loss trigger. !