Bhel can go up after breakout, if takes support and breaks short term trendline. If breaks support this view stands cancelled.
PLEASE DO UR OWN REASEARCH THIS IS NOT AN ADVICE JUST MY VIEW ON STOCK “EDUCATIONAL PURPOSE ONLY”
It has come to an Ichimoku Kumo support on daily time frame. In lower time frame it has given signs of reversal. It could retest 378 / 390 / 410 if it stays above 362.
Ichimoku is a Japanese study based on specific Moving Averages wherein just like Dow Theory the analyst with a one glance deciphers if price is above Kumo or below looking for an equilibrium set up
Stocks whose camrilla pivot getting narrow are high probable setup for breakout trade. Ensure confluence of :
1.Day's H3 and L3 inside previous day
2.Narrow range H3 and L3
3.range of H3 and L3 getting narrow in consecutive days
4.Volumes coming in
DM me for chartink scanner for selecting such stocks previous day.
