BHEL -- INTRADAY SETUP -- 17/01/2022

16 Oca 2022

BHEL -- pick as intraday on 17/01/2022 Due to strong bullish technical indicator, stock has 200 SMA support , Bullish CUP pattern formation with strong trendline breakout with Good volume, Channel breakout, Bottom formation before breakout all indicators seen on hourly chart . stock can give upmove 2-3% on intraday for next trading session. can stay long also for 10.20% upmove for positional trade from cmp 63.70.

all techncial indicators explain in chart !!

BUY BHEL @ 63.70

TARGET 65-66 INTRADAY

STOP LOSS 61.25


intraday support : 61.70, 62.50
intraday resistance : 64.70, 65.80

*PLEASE DO OWN ANALYSIS...IDEA FOR EDUCATIONAL PURPOSE...take call at own risk!

HAPPY TRADING !!

17 Oca 2022

Not

premarket order at 63.75

17 Oca 2022

Not

part profit booking at intraday resistance 64.50

17 Oca 2022

Not

part profit book 64.50 will wait next for 65 level since 64.50 breakout now !

17 Oca 2022

Not

BHEL high point of the day 64.55 so 1 % profit margin from Buy LEVEL nifty trading very narrow range today ..Hence trade end with some profit. !!

17 Oca 2022

Not

Happy trading. !!

18 Oca 2022

Not

60 level is support level ..this level should hold 2-3 session ..for bounce back again.

24 Oca 2022

İşlem kapandı: durdurma seviyesi

stop loss trigger. !