riskOmeter

Opportunity knocks

riskOmeter Updated   
NSE:BHEL   BHARAT HEAVY ELECT
Rise from 66.30 was a clean 5 wave structure (1st or A wave) and now the corrective phase going on.

With "c" of abc pending, it is expected to complete in the coming week amidst global market volatility.

We would be looking to enter long trade at first instance of reversal for 3rd or C wave up.



Please note this is personal observation and basis of our personal trades.
Please do not enter any trade blindly on our view and do refer your set-up and / or investment advisor for the same.
Comment:
14-3-23 e.o.d. update
Price has reversed from 50% retracement and lower BB support on the selected TF.
The next move may have started for targets between 88-94

Good days ahead !
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