Disclaimer :- This is not any buy or sell recommendation. It is just my view on this counter. Kindly consult with your financial or investment advisor before investing.
Bhel has taken a support on weekly chart at 50 sma and 50% Fibbonacci retracement has been done. Stocastic rsi is giving support also. Support level is around 48. And upper levels are 60, 65, 75,...
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Good Structure observed in Dhanuka
volumes picking up in uptrend and dry up in consolidation
For momentum players
add till 810(Fibonacci retracement level)
Weak below 610
For Long Term investing
Buy at CMP
Add on dip
and weak if close below 200 SMA
Very good Fundamentals ::--
Market Cap-- ₹ 4,218 Cr.
Stock P/E-- 20.0
1. Around strong support zone 656-665
2. Retracement done from high to low (More than 0.618 fib level) , but currently above 0.618 fib level
3. Consolidation going from few days (possible breakout anytime)
4. MACD about to give crossover*
5. Taking support from almost an year old trendline ( starting from 12 June 2020)
5. Decent delivery percentage (around 40% on...
In 1HR CHART NIFTY HAS SHOWN A 50% REJECTION AFTER RETARCEMENT.
Look through Technical analysis we can predict the best case scenerio.
I am doing my best. And one important request is for you that dont try to fight with a market and DON'T TRY TO GAMBLE. LEARN THE CONCEPTS.
Keep follow the levels. This is purely for study purpose....