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BHEL

Inverse Head and Shoulder Pattern in BHEL for target of 40+In today's session, BHEL breakout the inverse head and shoulder pattern. As well as its trading above 200 DEMA. It's indicating a strong bullish move in this stock for a short term. In the upcoming few trading session, we can expect a target of 40+ in this stock. Can go long for a target of 40+ with nearest stop loss at 34.30. Near 35.50 is a good entry position in this trade to get a good risk-reward. Possible Trade: Buy BHEL above 35.50 Stop-loss 34.30 Target 40+
NSE:BHELLong
by TradZoo
3
BHEL Chart set up, view & trading strategyBhel CMP 33.50 - The stock is near important support levels (around 32.50) - if held on to the stock can see a move towards 37 / 40 odd levels - blue line could be a potentially strong support levels Given the set up one may consider selling BHEL 31 Dec expiry 32 Put option around 0.50 Lot size 21000 Max profit potential Rs 10500/- per lot. (Yield potential of 3.2% on Capital Margin in 8 days) Importantly Risk cover for a fall up to 31.50 till 31 December 2020 Take care & safe trading...!!! Disclaimer: - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:BHELLong
by indiamarketoutlook