NeeteshJain

BHEL BUILDING MOMEMTUM

Long
BSE:BHEL   BHARAT HEAVY ELECTRICALS LTD
605 views
10
It is been observed that the price action breaking above the resistance levels of 138 and now retracing back to it making it a support levels. Now, it is moving up to next resistance level at 144-145 levels.

Target: 145

Stoploss: 138
Trade active
Comment: Reward of Patience with Trend,

It went up 10% in a week


Regards

Comments

SL hit :-(
+1 Reply
Hi Neetesh, is it still active?
+1 Reply
NeeteshJain akshay.lakhina
@akshay.lakhina, Excuse me for not able to respond on time, let me know if you have any other query. Regards
Reply
Holding position for Intraday. Should I exit now or hold on ?
+1 Reply
Agreed with you idea. Now that 145 is reached..whats your take now. I believe it may take out 150.
Reply
stop reached
Reply
NeeteshJain bibz4trade
@bibz4trade, Hourly or Daily candlestick close below shall trigger the stop loss. Regards
Reply
ms555 NeeteshJain
@NeeteshJain, 31st jan last candle closed at 136.7. then sir?
+1 Reply
@ms555, Yes, but I was still interested to buy it as it didn't breached the support zone, indicating buyers control over price action. It is true that I have put stop loss very tight which should be given more room too as per the trade. I appreciate your follow-up and would advise to always focus on trend when entering such trades. Regards
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out