BE careful above there is one more trendline going above the breakout candle it may face resistance ,we will go as per our stratergy will buy after it crosses breakout candle high above with 1:2 take profit ,u should trail ur sl if u find it reversing from trendline going above
BHARAT FORGE 15 MIN CHART --SWING TRADE
1. As per 15 min chart trendline breakout seen on chart , swing trade can be taken above 858 level for target 875 - 890- 900 level short term
2. trix line shown positive crossover at current level , for confirmation of trade initiate BUy when 15 min candle close above 855
3 Stop loss can be place bellow trendline...
What are the odds? I think there is a good chance we get a fake-out (false breakout) on higher timeframe here, maybe to even 37000 and then slow bleed and consolidation to 30k till end on year.
I am personally not buying anything here. Maybe scalp longs here and there but will wait for 30k to load up anything from swing-trade or long term point of view.
Stay tuned.
share name : bharat road network ltd
call type : poistional
- share is forming a range after a good a fall
- a good consolidation can be seen for the level
of 40.40 and 26.45
- we can accumulate this share above 40.40
after a good candle closing with sl of 35
- approchable targets 53, 80 ++
Hello All,
I am a learner and sharing my view on BPCL DAY CHART (BHARAT PETROL CORPORATION)
BUY ABOVE 386
TARGET 1 - 400
TARGET 2 - 435
TARGET 3 - 470+
SUGGESTION ARE WELCOME.
NSE:BEL
Observations:
1) On 1 Day time frame, it took support from 50DMA and closed above critical level 200.
Immediate resistance is 202 level range.
today's candle gives a sign of trend reversal. We might see an upmove if tomorrow it sustain above today's high, which is above 202.50 level.
Please refer below chart : 1day Time Frame. ...
BHEL - broke and sustaining important weekly level of 57.15, Good volume also seen on daily chart
Entry – CMP or around 60 (if Pull back happens)
Stop loss – 50.35 (Trailing Stop 58.7 after Price gives a run up)
Target 1 - 103.45
Target 2 - 195.7
Duration - 2-4years
Small resistance around 59.6 (Crossed and Sustained)
Strict Trailing Stop loss will be required...
Based on the price action at the trendline support, a Long trade may be planned. The previous High can be set as the short term target. If the price goes higher than the previous High then trailing Stop Loss can be used to maximize the gains. This is easier said than done. I am the absolute worst at trailing the Stop Loss :). But practice !!!
Based on my PredictiveSystem's signals, its going to be a RED candle on 18-May-2018 for BHARATFORG
Sell Below: 723.5 for targets -
T1: 718.1
T2: 714.8
T3: 711.4
SL: 729.3
Note: These calls are based on my own analysis. It may or may not work well for you.So please carefully consider whether it is suitable for you and please do your own research before...
![BEL: Simple Trade Setup | BEL | 26-10-2021 [ INTRADAY]](https://s3.tradingview.com/a/auZ7mqg1_mid.png "Simple Trade Setup | BEL | 26-10-2021 [ INTRADAY]")
