NeeteshJain
Long

BHEL BUILDING MOMEMTUM

BSE:BHEL   BHARAT HEAVY ELECTRICALS LTD
550 views
10
550 9
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
Agreed with you idea. Now that 145 is reached..whats your take now. I believe it may take out 150.
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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
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Holding position for Intraday. Should I exit now or hold on ?
+1 Reply
stop reached
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NeeteshJain bibz4trade
@bibz4trade, Hourly or Daily candlestick close below shall trigger the stop loss. Regards
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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
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