The price action broke out from the consolidation symmetrical triangle and as per its measurement target is expeccted to reach at 145 levels.
Target: 145.40
Stoploss: 135.40
We had very good move after the ascending triangle breakout, booked some great profits out of it and now BHEL is retesting the resistance, so I'm planning to go short if we get bearish confirmation, I'm not sure what will happen on Monday, if we get Gap Up in BHEL bcos of Nifty better we can re-think this entry strategy. If it opens in one and once bearish...
