MagixStox
Long

Cup and Handle in BHEL, breakout expected

NSE:BHEL   BHARAT HEAVY ELECT
Cup and Handle formation in BHEL , a big breakout is expected with next significant resistance at 61 level. SL can be kept below the demand zone it is currently sitting on.
Comment: Shying to perform, waiting till it either gives a breakout or breaks the support zone
Comment: Broke the support zone, exited position

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