We had very good move after the ascending triangle
breakout, booked some great profits out of it and now BHEL
is retesting the resistance, so I'm planning to go short if we get bearish
confirmation, I'm not sure what will happen on Monday, if we get Gap Up in BHEL
bcos of Nifty
better we can re-think this entry strategy. If it opens in one and once bearish
confirmation is seen, then we can short Bhel
aiming for 132 levels.
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Happy Trading !!