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 !!
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 !!
Comment:
premarket order at 63.75
Comment:
part profit booking at intraday resistance 64.50
Comment:
part profit book 64.50 will wait next for 65 level since 64.50 breakout now !
Comment:
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. !!
Comment:
Happy trading. !!
Comment:
60 level is support level ..this level should hold 2-3 session ..for bounce back again.
Trade closed: stop reached:
stop loss trigger. !