AvinashMudaliar
Long

RISKY INVESTMENT PICK

NSE:BHEL   BHARAT HEAVY ELECT
BHEL HAS BROKEN BULL FRACTAL AND WAS UNABLE TO SUSTAIN THE UPMOVE

STOCK HAS SEEN TO CREATE STRONG DOWNSIDE BASE AROUND RS 80

TILL NOW STOCK HAS NOT BROKEN ANY BEAR FRACTAL AFTER INITIAL BREAK OF BULL FRACTAL .

BIT RISKY TO ASSUME BUY MOMENTUM STILL EXISTS SINCE IT HAS NOT BROKEN ANY OF BEAR OR BULL FRACTAL AFTER ITS 1ST BULL FRACTAL BREAK.

HENCE RISKY INVESTORS CAN ENTER LONG CMP 89.35 OR AT MONDAY OPENING RATE

STOP LOSS WOULD BE 1 TICK BELOW MONTHLY CLOSE BELOW 77 LOW

TARGET 1 : 164.5_193

TARGET 2 : 325_359

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