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BHEL Consolidating with reduced volumes: Stoked for breakout?
BHEL
Long
BHEL Consolidating with reduced volumes: Stoked for breakout?
By sankatradesindia
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Dec 17, 2020
2
Dec 17, 2020
BHEL has formed a symmetrical triangle on hourly charts.
A requirement for a triangle formation is consolidating or reduced volumes and that is exactly what is seen on this setup.
It will resume a previous uptrend, ie, upwards, after it breaksout from the triangle. Keep on radar.
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