Bhel Short I hope you can now see how Bhel represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Example presented in these chart is for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
BHEL
BHEL: Head and Shoulder PatternHead and shoulder patter observed in BHEL.
H&S indicates a trend reversal from Bullish to Bearish. But Since Nifty is in bull run & will go upwards after minor corrections happening since past few days.
Hence I am more in favor of long setup in BHEL. Volume is gradually increasing from a couple of days.
Volume & Price action is in favor of a long setup
Most probably -> it will cross the right shoulders high (around 39) with volume & we can enter in a long setup as below:
Long above 38.8
Long Setup:
Target 1- 42.5
Target 2- 47.5
SL -34.70
In case of Nifty fall, BHEL will follow the short setup as given below following ideal H&S strategy
Short Setup:
Target 1-32.60
Target 2-29.30
SL-39.3
Please let me know your views.
BHEL RECOVERY EXPECTED Goverment of India has stated that defence requirements in India will be made by India and reduce any imports. This has seen a direct effect in companies working for the defence sector like NSE:HAL , NSE:BEML , NSE:BEL , NSE:BDL & so on.
BHEL has also seen it's fair share of buying in the last week with the news annoucement pushing all defence PSUs higher.
It touched a Intrday high of INR 39.15 on 14th August 2020. It's expected to make a recovery to INR 44.00
NSE:BDL
Long BhelI hope you can now see how the Bhel represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favour.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these products are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
BHEL IS IN A TREND BUT NOT ABLE TO BREAK A 2 YEAR OLD RESI. LINEClearly BHEL is following a trend but not able to 2 very old resistance lines, so if it shows signs to break these resistance line, a long position can be taken. For intraday and positional traders, I have drawn support and resistance lines, so trade the up trend using these drawn levels and place you targets and stop losses accordingly.
BHEL Target: 35.40
SL: 31.5
Disclaimer: The author is not registered as a securities broker-dealer or an investment adviser either with SEBI or any other government agency. All views expressed is based on the author's technical analysis. It is highlighted that Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites, Derivatives, commodity and Currency can be substantial. It must be noted that the user of the information shall undertake their own analysis before investing or trading. The author of this information shall not be liable for any losses arising from the advice therefrom or incidental thereto.
GBPJPY UP UP Up Up!!About me:- This is your own scammer demo trader who lived in the stone age era & gained immortality by slaying a Ninja Dragon & his unicorn friend about 2.6 million years ago, then the ninja dragon's master challenged me to fight him for his time travelling rainbow coloured shining sword & his rented Ferrari, of course after beating him as well I used his travelling sword along with rented ferrari came down here in the modern age of 2020, sold his ferrari and managed to gather some money for this trading.
Disclaimer:- Don't Listen to me, I'm not a financial advisor