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vipulmehta817
Dec 2, 2021 10:40 AM

BHEL: There and back again! Long

BHARAT HEAVY ELECTNSE

Description

BHEL has been taking support a its long-term trendline since Nov 2020. Yet another strong support has been 200DMA. The stock has yet again come at the confluence of the two supports and has shown reversal from here. Conditions are ideal for a long trade in this zone for the stock to go back to 79 with stop below 56 on closing basis.
Comments
shrisudan
Thank you. Good luck. Have also taken a long on this
vipulmehta817
@shrisudan, Great! Good luck.
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