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BHEL - Breakout

Long
NSE:BHEL   BHARAT HEAVY ELECT
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2
BHEL broke out today and we can expect a target of 178 with SL 170.5.

Interestingly on 178 there is a potential AB=CD completion and we can expect a bounce back!
Trade closed: target reached
Comment: As I mentioned there is an AB=CD completion on BHEL. Just checking and waiting for a bounce back confirmation. This will be negated if price moves above 180.7.