BHEL has retraced ~60% from 52 week high. Very good chance it may reverse from 57. It's ascending broadening wedge pattern.
My view is bearish in this scrip until it crosses 60. Above 60 I am bullish.
Scrip has breached its 200 weekly ema and forming a symmetric triangle pattern. A clear sign of breakout/breakdown on weekly charts. I am more aligned towards short but it depends on oil and gas global cues.
Disclaimer: This is just for educational purposes won't be responsible for any trade taken on this basis. Please consult your financial advisor before making...
Scrip has breached it's 200 weekly ema. Clear sign of reversal on weekly charts. Short till supports.
Disclaimer: this is just for educational purpose won't be responsible for any trade taken on this basis. Please consult your financial advisor before making any trade.
NSE:MCDOWELL_N
Currently trading near multi-year weekly support. Can expect a good bounce back for a target of 580 with a stop loss 480.
Disclaimer: This is just for educational purpose,won't be responsible for any trade taken on this basis. Please consult with your financal advisor before making any trade. Don't just blindly Trade or Invest, learn and...
