Inverse Head and Shoulder Pattern in BHEL for target of 40+

Panjang

BHARAT HEAVY ELECT (NSE:BHEL)

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NSE:BHEL BHARAT HEAVY ELECT

supportandresistance headandshoulders movingaverage 200dema swingtrading bhel priceaction breakouttrading

In today's session, BHEL breakout the inverse head and shoulder pattern. As well as its trading above 200 DEMA. It's indicating a strong bullish move in this stock for a short term. In the upcoming few trading session, we can expect a target of 40+ in this stock. Can go long for a target of 40+ with nearest stop loss at 34.30. Near 35.50 is a good entry position in this trade to get a good risk-reward.

Possible Trade:
Buy BHEL above 35.50
Stop-loss 34.30
Target 40+

Dagangan ditutup: sasaran tercapai

Penafian

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