Monday 15 July 2013

Elliot Wave Count : Bhel


Bhel chart:


Hourly Chart:




 Daily chart shows has given breakout to inverted heads and shoulder pattern n. On the down side 

Support at 

21hema: 185 

5 dema :185.5

5 day low ema and 5 week close ema :183

Resistance at : 

5 week high and 5 day high ema : 188

34hEMA : 186 


So it can be concluded that 183-185 is a support zone for the share and 186-88 is resistance zone for the script. Elliot wave suggest we can have one more leg (WAVE c/3) upside. 

BUY above 188 target 196 sl 185 


So, plan your trade accordingly.


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Happy Trading. 


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All the views and contents mentioned in this blog are merely for educational purposes and are not recommendations or tips offered to any person(s) with respect to the purchase or sale of the stocks / futures. I do not accept any liability/loss accruing from the use of any content from this blog. All readers of this blog must rely on their own discretion and neither any analyst nor any publisher shall be responsible for the outcome.








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