BHEL - Long Term Triangle formation

٢٣ ديسمبر ٢٠٢٠

A long term Triangle formation can be seen in the weekly chart of Bhel.
Breaking out would be a profitable venture.
The recent volume shows a heavy accumulation.

Entry - 38.5
SL - 30
Target - 57
Risk: Reward - 1:2

١ يناير ٢٠٢١

ملاحظة

A week after the above post the breakout occurred and closed above 38.5. If it sustains the level, then it would go higher.

٧ يناير ٢٠٢١

تم فتح الصفقة

٤ مارس ٢٠٢١

تم إغلاق الصفقة يدويًا

The first target reached 56. Closing the idea. Thanks!