A_Trading_Banker

BHEL: A probable trade

Long
NSE:BHEL   BHARAT HEAVY ELECT
#BHEL
Breakout from resistance with volumes.
Buy at CMP or retest of 75 level.
Buy in dips till 71.
Targets marked out in purple.
Time frame 1-2 months.
Stoploss (conservative) 66.

Disclaimer: I am not SEBI registered. Personal opinion and charts that I share are for educational purpose only. Not recommendations.
Trade closed: stop reached: The results weren't as bad as the stock has reacted. Furthermore, brokerage firms have given sell rating with targets in the 40s and 50s. I will personally hold it and look to average when the selling dries down.

Should you wish to exit, then, I am sorry for this trade.

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