The stock looks attractive at this level 58.90 with high volume. The stock could move to the higher levels of Target 67 within a span of 2 weeks. This is a positive news about disinvestment happening from Government. There is limited downside to the stock and lot of buying is happening in the stock. The position can be taken at Price 58.90, Stop loss : 58, Target : 367, Duration : 15 days.
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Stock Ticker – NSE: BHEL – Bharat Heavy Electricals Ltd. – INDUSTRIAL MANUFACTURING
Bullish Trade plan:
Entry Level 58.90 Target 67 Stoploss 58
Analyst Rating – :4/5
View Posted on 2019-10-30
@dhanesh
It would be nice to explain your strategy with the support of some price pattern / Candlestick pattern.
There should be some base for the entry point and stop loss. Target is based on Risk to Reward.
The risk is 0.90 and profit is Rs 8. There is a buy in the stock as indicated by MACD indicators from level of 50. The stock will face resistance at the level of 66. If it crosses the first resistance, it could end up breaking the level of 70 easily. However before taking any position please consult your financial consultant.
The stock opened today with a gap indicating a strong buying at current levels.
Hi sir,
Please explain, On which criteria you select the stock is bullish…. describe your rationale in the comment session so that everyone can understand your analysis