InsiderB

BHEL : Bearish Trend Continuation !

Short
NSE:BHEL   BHARAT HEAVY ELECT
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.
Hit Like button to keep me motivated to post more ideas...Thanks for your support !
Happy Trading !!

Comments