W pattern BHEL BUY !Here exists a beautiful W pattern buying opportunity in the stock. The second bottom has shown a divergence also. Normally the target for the W patterns are big reaching the area from where trend started, let's see how this stock moves. Good risk to reward ratio. WEducational purpose as I am not trading it.
Hourly
Nifty - the Shorter TFAs we see - RSI has already broken down, so looking short on the shorter TF too.
TL touch should be there, if broken, 8770-60 on the NF offers good support as it has been umpteen times
but but but ... a support tested multiple times gets weakened. IF that is broken, then we review, till then
T1 he Trendline and then maybe 8770NF.