NSE:BHEL   BHARAT HEAVY ELECT
I previously posted an idea to short BHEL only IF it breaks the marked distribution phase from the lower band. If you see the description of the previous idea on BHEL , you can see that I have written there that ONE MAY LOOK FOR BUYING OPPORTUNITIES IF IT GIVES A BREAKOUT FROM THE UPPER SIDE OF THE RECTANGLE .

And here we are Today Bhel gave a good breakout form the upper range. And hence, as suggested before, one may look for buying opportunities now and we will now treat this distribution phase as RE-ACCUMULATION PHASE!!

LEVELS: (Based on weekly charts

ENTRY: Buy above 81 (on closing basis)
Target 1: 100
Target 2: 108
Target 3: 119

STOP LOSS: 73
TRAIL STOP LOSS

I would recommend going long on BHEL with above levels ONLY

FOLLOW IF YOU LIKE THE ANALYSIS
LIKE AND COMMENT WHAT YOU THINK ABOUT THIS!!

THANKS

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