BHEL has taken support at 38.2% retracement levels it seems. Also the price is at the bottom of the Upward channel which is a strong confirmation that the price is at an important juncture, BHEL can now move higher if it respects the upward channel and rebound from these levels.
Go LONG at the current level 135 Target 160 SL 126
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BHEL has reversed from the downward channel and continuing its uptrend within the channel. Target = 160