Absolute_Investments

BHEL buy near 72 | Stop 69.50 | Target 78 - 82

Long
NSE:BHEL   BHARAT HEAVY ELECT
Bhel is back to retest it's trendline BO levels. Supported by bullish signals on ichimoku cloud, the risk reward looks more favorable for going long in bhel.
One can buy BHEL @ 71-72.50 Levels with stop below 70 on daily closing basis and targets of 78-80-82.
Safe traders may look for 76 as partial or full profit booking zone.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.