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Trading_hawk
Aug 26, 2021 7:06 PM

Simple Trade Setup | BHEL | 27-08-2021 

NSE:BHEL15
BHARAT HEAVY ELECTNSE

Description

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NSE:BHEL

Trade Setup for Date 27-08-2021:

1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.

2) Everything is mentioned on the chart. I hope it is easy to understand.

3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level tomorrow.

Please refer below chart for levels.


Hope I made it easy to understand it.

Do comment your doubt or suggestion.
Trend AnalysisBHELbhelltdbhelbuybheltechnicalanalysisbhelsellbharatheavyelectstockfortomarrowtomorrowstocksstocktowatch
Comments
saurabhbakliwal1001
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Yes have nit taken the trade. Thanks..but feel like taking a BTST trade..
Trading_hawk
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@saurabhbakliwal1001,
Okay. I don't know if it's a good idea to take BTST but up to you.

As per my own trading system I only trade between level on day to day basis.
orinegonsalves15
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hi, I am a beginner. what are those blue and green horizontal lines called ?
Trading_hawk
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Hi, @orinegonsalves15

those are just levels that I have marked on charts.

in my charts green line are support levels, red lines are resistance levels And blue lines are intermediate levels from where it can be trade on either side(buy or sell side)
saurabhbakliwal1001
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Will it be a short if it is below 52 after opening till 50.75 or to wait for trade for 53.15 level test.
Trading_hawk
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@saurabhbakliwal1001,

After waiting for 15-20 minutes if it stays above 52 and then it breakdown then it will be quick short trade till 51.25 and then if you judge the weakness then it will be till 50.75.

But I think it will not give opportunity to short trade tomorrow. till 50.75 level
saurabhbakliwal1001
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Thankyou for the guidance.. The tade discipline is must..
Trading_hawk
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@saurabhbakliwal1001, 👍
saurabhbakliwal1001
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Pl advise trade. Yeterdya 55.15 but made a retreat now...
Trading_hawk
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@saurabhbakliwal1001,

If you are going for positional trade then better to hold it.

For intraday trade better to trade on levels with SL/trailing SL or exit on target or on cost.
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