Bhel- Long term Buy
Updated
We use almost centuries old fractal models based on basic sciences to decide buy , sell and timing.
Bhel had given a strong buy signal on monthly scale which means a trade which can last years.
Change of trend signal has been triggered which means Timing signal has triggered ( Lower panel)
It has broken out of Green and Red lines ( monthly closing below 35.50 and 42.80 will negate the trend ) , and as long as it treads above it, it's a long term long.
Will keep updating the levels for readers.
Enjoy
If you want to use these indicators or want to learn how to use to do message me.
Bhel had given a strong buy signal on monthly scale which means a trade which can last years.
Change of trend signal has been triggered which means Timing signal has triggered ( Lower panel)
It has broken out of Green and Red lines ( monthly closing below 35.50 and 42.80 will negate the trend ) , and as long as it treads above it, it's a long term long.
Will keep updating the levels for readers.
Enjoy
If you want to use these indicators or want to learn how to use to do message me.
Note
Green and Red lines are identified using proprietary fractal models. Monthly supports now: 42.45 and below that 35
for long term buy to be negated
Buy signal triggered: Weekly Support 45 and 53
Daily support: 58
Trade active
Good long as close as possible to 70rs, as thats the stop loss on daily charts time frame
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