BeingNick

BHEL - Long Idea - Positional Trade - Target 70

Long
NSE:BHEL   BHARAT HEAVY ELECT
Scrip Name: BHEL
Setup - Taking support from 200 DMA in Uptrend
Entry - 55 - 60
Stop Loss - 51
Target - 70
Time Frame - 2-3 Months
Currently the company is reporting losses from last 6 Quarters and falls in bit risky trade. So please have your checks and balances.

Please trade based on your risk profile and analysis and Have strict stoploss in place.
Trade active: Target of 70 achieved in 4weeks.
Trailing the position now with trailing stop of 60
Trade active: Trailing the position now with trailing stop of 69.
Trade closed: target reached: Trade closed on 75.
Profit points 15. i.e.25% returns in 4 weeks.
Target given was of 70.