BHEL has closed a little above 38.2 Fib level with good amount of volume. The next resistance is at 50% Fib level i.e, 39.75 . We can invest in this for the short term with a stop loss a little below the current Fib level.
This is as per my analysis.
Happy Investing.
Currently, I am learning fundamental and technical analysis of the stocks. Please feel free to comment on the post, if I did any mistake in Analysis.
Trade closed: target reached
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39.75 Target has been reached. The next level will be 44.8 if we hold to this.