Good Morning, to all the traders I believe in you that one day you gonna make it to the top just keep doing this, so now the point is that the BHEL had given breakout with a confirmation candle in weekly chart. Now there will be two targets for BHEL which we can see from the chart the 1st target might be 108-110 because there is a resistance at that area and the 2nd target might be 125-130 if it breaks the 1st resistance. Now the main question what is stop loss area for this stock so don't worry😉 the stop loss will be around 70-71 the REASON is after breakout at 79 around that area is acting as support so we can't consider it as stop loss area what if stock comes at 79 and climb back again towards the target. So that's why I choose 70-71 as a stop loss.
Personal view/analysis.😃
Personal view/analysis.😃