BHEL, one of the stocks that we have been writing for the past few weeks for a short trade as the stock belonged to the Industry that is ranked the lowest in the present Industry ranking order, gave a very good move today. This stock though not managed to get its second entry has already booked 35 points gain on its short. Trend followers can continue with their short trade in this stock, while value traders can exit at targets.
The Current down move will retrace a pretty strong bullish divergence on both its MACD as well as histogram. We can look for a trend long trade in this stock after a reversal from the current bear move.
Markets are going to be in a very big range for the coming months. This will give us many whipsaw trades, but being with the markets on a regular basis will only give you the opportunity to enter into the next move at the right time.
The Current down move will retrace a pretty strong bullish divergence on both its MACD as well as histogram. We can look for a trend long trade in this stock after a reversal from the current bear move.
Markets are going to be in a very big range for the coming months. This will give us many whipsaw trades, but being with the markets on a regular basis will only give you the opportunity to enter into the next move at the right time.
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