Currently BHEL is in no trading zone. 1) Buy if it gives weekly closing above the Demand/Supply zone i.e. 61 price level. 2) Short if it gives weekly closing below the zone i.e. 56 price level. 3) Currently it is very close to 200EMA on daily chart and it might take support from it. 4) Currently at very important 38% Fibonacci level
Watch for breakdown 1) If RBL breaks the neckline then 168.2 could be the intraday target. 2) After it breaks the 38% fib level, then 142.75 could be the Swing target
1) Price making lower highs, while RSI making higher lows BULLISH DIVERGENCE IN ZEEL
1) RSI making lower highs, thus confirming losing momentum 2) Bearish Pin Bar Candle 3) 50 EMA acting as strong resistance
Watch for Breakdown or Reversal from Important support & resistance zone. 5/20 EMA crossover can be used for reversal confirmation
Looks good to enter above 113.65 for target of 134.5 Pennants are continuation patterns where a period of consolidation is followed by a breakout
Goldiam Breakout Done, Buy for Swing Trade Follow for more such ideas!
Descending Triangle Breakout: Intraday Buy above 1420
RESISTANCE BREAKOUT: PANACEABIO INTRADAY IDEA ABOVE 365.5 Follow for more ideas
INTRADAY: INDOSTAR ABOVE 383.5 if gives breakout from this resistance level
ESTER SWING IDEA: RETESTING AFTER BREAKOUT Can be bought when touches trendline
NAVKARCORP buy above 51.85 for target upto recent high