Technically on the daily charts we see major support on the downside @ 56.50 levels, whereas minor resistance on the upside is capped around 61.30 level
If breaches minor resistance on the upside and closes above it for 15min, we may see fresh breakout and BHEL can Lead towards higher levels around 70/78.50 levels in Short Term.
Breaking out of the Falling Channel momentum should pick up.
Investors can accumulate the stock and add more if dips below 55 For Target 80.
Will update Live Long entry here.
Follow me here to keep urself updated about the stock.
For Educational Purpose Only.
Regards,
MD.
If breaches minor resistance on the upside and closes above it for 15min, we may see fresh breakout and BHEL can Lead towards higher levels around 70/78.50 levels in Short Term.
Breaking out of the Falling Channel momentum should pick up.
Investors can accumulate the stock and add more if dips below 55 For Target 80.
Will update Live Long entry here.
Follow me here to keep urself updated about the stock.
For Educational Purpose Only.
Regards,
MD.
Trade active:
BHEL Long Active Above 61.30 @ 9.30am on 10-jan