BHEL - broke and sustaining important weekly level of 57.15
BHEL - broke and sustaining important weekly level of 57.15, Good volume also seen on daily chart
Entry – CMP or around 60 (if Pull back happens)
Stop loss – 50.35 (Trailing Stop 58.7 after Price gives a run up)
Target 1 - 103.45
Target 2 - 195.7
Duration - 2-4years
Small resistance around 59.6 (Crossed and Sustained)
Strict Trailing Stop loss will be required for this stock, going forward.
All numbers are *weekly*based
Company is engaged in custom equipment manufacturing.
Co has lost lots of contacts in past hence same is trading at very cheap discount.
PB - 0.82x
Debt - 0.18x
Since Co is struggling in their top line there bottom line has also struggled.
This is pure technical call. If stock managed to cross the mentioned level then a lot of upside is possible.
Volume Accumulation is seen in last 9-10 months.
Disc. : Views Shared for Education Purpose only. Consult your Financial Advisor before taking any position.
Entry – CMP or around 60 (if Pull back happens)
Stop loss – 50.35 (Trailing Stop 58.7 after Price gives a run up)
Target 1 - 103.45
Target 2 - 195.7
Duration - 2-4years
Small resistance around 59.6 (Crossed and Sustained)
Strict Trailing Stop loss will be required for this stock, going forward.
All numbers are *weekly*based
Company is engaged in custom equipment manufacturing.
Co has lost lots of contacts in past hence same is trading at very cheap discount.
PB - 0.82x
Debt - 0.18x
Since Co is struggling in their top line there bottom line has also struggled.
This is pure technical call. If stock managed to cross the mentioned level then a lot of upside is possible.
Volume Accumulation is seen in last 9-10 months.
Disc. : Views Shared for Education Purpose only. Consult your Financial Advisor before taking any position.
Operación cerrada manualmente:
booked profits in BHEL Trading around its Stop loss area + New bullishness will be above 74 only
Will repost if something interesting in BHEL happens
Disc. : Views Shared for Education Purpose only. Consult your Financial Advisor before taking any position.
Please like Share and Comment if you like our work.
Will repost if something interesting in BHEL happens
Disc. : Views Shared for Education Purpose only. Consult your Financial Advisor before taking any position.
Please like Share and Comment if you like our work.
Lower Lows are getting created on Daily Chart. Broke Trailing SL can think of Profit booking on Monday if Bearishness continues.
Disc. : Views Shared for Education Purpose only. Consult your Financial Advisor before taking any position.
Please like Share and Comment if you like our work.