Logic well explained in the diagram ~This analysis is only for educational purpose~ please do like,share and comment if you have any suggestion/query regarding this analysis
thanks
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Looks like history gonna make future -good bounce after consolidation at support line
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WE HAVE GOT BULLISH DIVERGENCE ON RSI INDICATOR-there is still hope for those who haven't booked profit in the last upswing
I could see the RSI breakout, Could you please check and confirm to make the entry?
N50-ANALYST
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@elango_shr Stick to the plan suggested for better Risk/Reward-deliverable qty has significantly increased in the last week so -i am expecting a surprise move very soon- ideally one should enter on closing above previous swing high i.e on closing above 14 but in that case we have to shift our stop losses -that's my personal view -will keep updating for sure and thx for the coins 👍
mayuryadav39
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please can you analyze bhel
N50-ANALYST
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@mayuryadav39 sure sir- you'll hv it by the end of the day-i hv some delicate work to do so cant post it right now, see you later
@mayuryadav39, no doubt it looks bullish but for now we have 75-77 as a weekly resistance-the stock may halt in this range before a fresh breakout-above this range we'll have our next target roughly around 100 and 120
my personal opinion-accumulation at every dips (interval of Rs5) would be great to achieve short term-long term gains
"do ask your financial advisor before investing "
THANKS
mayuryadav39
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@N50-ANALYST, wow nice analyzes it will really help me lot again thanks.