42.95. It has made reverse head and shoulder pattern on daily charts
. It formed double top
recently at 44.3. Breakout level is 44.3 If it crosses and stays there for some time then breakout happens. Its targets and SL are given on chart. Yesterdays cash volumes are good. Till yesterday it was in F&O ban and during ban generally price breakouts do not happen. Today it has come out of ban and recent announcement of monetisation of land and other assets of PSUs is a big positive for this as BHEL
is having huge surplus lands in prime areas of Hyderabad, Bangalore, Bhopal etc. Also MACD
is showing positive divergence. This is purely for educational purpose and consult finance adviser before taking any investment decision.