Seeing the Chart Pattern and the Trend Analysis, BHEL must be for long position.


i was waiting for the dip to buy as well as looking for an opportunity for reversal on bhel, after yesterdays' Hammer pattern after Doji i knew we might see reversal towards breakout of 56.6 rs range after the last news of GOI's independent valuation calculations of bhel came out to be in 45-50 crore M-cap signalling share price in 130-150 rs range, good risk to reward to make long at 52 with stop loss at 49 as seen which is just below the bottom of those last 3 candles, if it breaks then 45-41 range we might see and that will again be EXCELLENT accumulation zone for the target of 135 in a year, good risk to reward, i don't want to wait like i did in SCI saw it rise to 50 to 140 under 5 monthes
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