BHEL
Long
Updated

BHEL: Preparing for a NEW Rally

BHEL: Preparing for a NEW Rally
#1. Point C = 0.779 of AB, Near 0.786 Retracement Level.
at @ 130.30 Point C = 0.786 of AB (Can Treat as Strong Level).
#2. Bearish GAP Between @ 152.80 & @ 147.5.
#3. After Consolidation Crossed FIB. ARCH 4 X 1 & Traded in 5 X 0 Zone.

Go LONG for Short term TGT: @ 143.1, @ 150.65, @ 156.75, @ 162.90

Best BUY: @ 134.30 - @ 132.60
Intraday / Swing Levels.
Res. / TGT.: @ 136.3, @ 137.5, @ 138.75, @ 139.5 - @ 139.9 (HZ)
Sup. / Accumulation: @ 134.3, @ 132.6 @ 131.90

If you think this post enrich your knowledge and would help you in trading,
Please don't forget to Hit / Click the Like button.
Your likes are the only motivation to post better ideas in future.

Disclaimer: Only For STUDY.
For taking Trade Decision Consult Financial Advisor.
Trade active
Achieved SWING Level #1 @ 136.3.
Made a HIGH @ 137, Near Swing Level #2 @ 137.5
LTP @ 136.95, as of NOW +2.2%
Trade active
Achieved SWING Level #1 @ 137.5
Made a HIGH @ 137.6,
LTP @ 136.95, as of NOW +2.5%
Note
Correction: "Achieved SWING Level #2 @ 137.5"
Note
BHEL: @ 135+
Expected Intraday UP Move.
TGT: 136.50, @ 137.90, @ 139.8+
All Logic plotted in Snapshot.

snapshot
Note
Nearing Short Term TGT #1: @ 143.10 (Plotted on Chart)
Made a HIGH @ 141.70
View Given "Best BUY: @ 134.30 - @ 132.60 "

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.