Short at 120 SL 126 Target 95 RR 1:4 Disclaimer As BEL is related to defence, govt is taking stringent actions on imports of military goods. Due to the news the stock is moving higher. So this call is related to pure technicals not fundamentals.
Nifty - Technical Analysis: -Nifty gapped up good today around 11400 and closed at 11378 -Nifty got back in trading range and not move on wither side is possible with a bullish bias Market - Driving Factors: -Gains in index heavyweights HDFC twins, Asian Paints and Axis Bank -Bharti Airtel, ONGC, Tata Steel, HCL Tech and RIL were among the laggards. Of 30 Sensex...
All explained in the chart Check the NIIT TECH analysis to see the about stop loss and trailing stop loss
ril long at givin point and get book profit. you get 1:4 RR ratio. that meansgood profit. there is gap up so ril come at that given point to fill that gap.
Notes on the chart. Trade safe, stay healthy. Do hit the like button as a token of appreciation. Enjoy the weekend. Regards Bravetotrade
Explained in Charts Declaimer : Not a recommendation - Purely my view