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.
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