BHEL spotted bearish engulfing candle at weekly chart is indicating that it will trade at 180 168 162 138 in short term …plan ur trades accordingly LTP 183 ….advising to sell intra /positional trade at 183 185 levels with sl at 186 87 closing basis
Positive opening is expected with profit booking at higher levels .Hourly Nifty chart is showing that huge volumes were there on Friday so more and more selling may emerge at swing highs.
Trade in Nifty futures as per these levels
Buy at / above: 6785 Targets: 6802 – 6823 – 6844 – 6864
Stoploss : 6765
Sell at / below: 6765 Targets: 6747 – 6727 – 6706 – 6686
Stoploss : 6785
800 points retracement as per this bank nifty weekly chart can not be ruled out in next week
3 years weekly nifty chart closed making red spinning top , out side upper bollinger means bollinger started its action and may try to pull towards center bollinger 6282
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BHEL spotted bearish engulfing candle
