Bhel Looks Portfolio Stock Because
• Positive Divergence (RSI)
• Timing wise already consumed 12 years which is more than 7-8 years rally from bottoms of 11 to 390-400 zone going into 2007-2008 Financial Crisis Period
• Key Reversal Candle from lows of 40’s is confirmed recently.
Short term Trading Strategy
Plan A -
Buy above 61 for 77-80 Target zone
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Nifty Daily chart finds a confluence of 2 different bearish candlestick pattern. First the Hanging Man which formed one day prior to last, low of which was breached. This implies that there is potential in this Hanging Man pattern to work and maybe drag prices on the downside. Second, if we consider the last three candles, then an Evening Star shapes up, and its a...