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Classical Cup & Handle Breakout in BHEL

Long
NSE:BHEL   BHARAT HEAVY ELECT
Classical Cup and Handle Breakout in Bharat Heavy Electricals Ltd

Fundamentally this is one of the undervalued stock in the Capital Goods - Electrical Equipment sector which comes under Electric Equipment industry.

52 week high also broken and candle closes above that level with marubozu candle supported by volume.
Target are mentioned in the chart.
Stop loss below 68 level.

This is just a view not recommendation, do your own analysis before making any investment.

BHEL

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