Anmolshukla

BHEL Swing Trade

Long
NSE:BHEL   BHARAT HEAVY ELECT
BHEL has given spectacular returns of 280+% in the past 1.5 year and is still looking good for the upcoming months.

It's currently facing resistance from a critical level and a breakout can be seen in the upcoming weeks providing a good swing trade.

Levels:

Entry = Rs 83

Target 1 = Rs 90.20 (~08.5%)
Target 2 = Rs 105.7 (~27.1%)
Target 3 = Rs 120.8 (~45.3%)
Target 4 = Rs 132.1 (~58.9%)
Target 5 = Rs 144.4 (~74.9%)

Note: There is a possibility that the price may retest and take support from T2 or T1 before giving a breakout.
Order cancelled: Bad quarterly results, trade not activated as support trendline broken.
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