Intraday
intradayas we can see double bottom. it can also form double top.
it can also form a W pattern.
both side potential
follow your risk management
intradaythis stock is only for short side if it breaks the 5785 level with good candle then you can enter by putting stoploss on a logical place and for targets please use pivot points . 5700 is a round figure so you can book profits there .
follow risk management
do your own analysis
important note: event hai kal so you can ignore this trade also
BHEL --INTRADAY SETUP --23/01/2023BHEL --INTRADAY SETUP -- 1 HOUR -- 23/01/2023
1. BHEL trading at upper channel on hourly chart , trendline & channel support seen at 80 level
2. stock close 80.80 last closing session near support level .
3. one can initiate BUY at 80-80.50 target 82-83 on intraday stop loss bellow 79
4.IF 15 min/ hourly candle close bellow 79, which is hourly trendline breakdown then initiate sell for target 78-77
* normalize deviation oscillator shows strength, bullish above 0 ( center line ) , Bearish bellow 0 ( center line ) .
**THIS IDEA IS FOR EDUCATIONAL PURPOSE ..... trade at own risk .!!
HAPPY TRADING. !!
intradaywait for the entry . important zones are marked
follow risk management and control your emotions