Positional Trade on BHEL

Jan 22, 2013 8:00 AM
4 Comments
22/01/2013  Buy BHEL, CMP: 232 (Ideal Entry: 228.5) , SL: 223.5 (Hourly Closing), Targets: 237, 242

23/01/2013  Update: Buy Triggered at 228.5 level. Supports strongly held last 2 sessions, outperforming the markets.

28/01/2013  Update: Revise SL to 222.5 (Hourly Closing)
31/01/2013  Exit BHEL near 230


BHEL has given a breakout on hourly charts on 21/01/2013 and has sustained breakout holding strongly above the breakout level of 831.5 and has tested the support of 231. The next major supports are at 228.5 and 223.5. One may enter part near 231 and add more near 228.5. Low risk traders may keep a conservative SL of 226.5

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  1. Mahender Reddy PulakandlaJanuary 22, 2013 at 4:27 PM

    Thanks for the Trading Idea.
    Great going.

    ReplyDelete
  2. Mahender Reddy PulakandlaJanuary 24, 2013 at 9:00 AM

    Good morning Sunil,

    Can you please check and correct the price in this phrase "Buy Triggered at 288.5 level."

    Thanks
    Mahy

    ReplyDelete

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