architpatel18

BHEL- Short term breakout trade

Long
NSE:BHEL   BHARAT HEAVY ELECT
NSE:BHEL

Wyckoff stage analysis on hourly tf

- Strong stage 2 uptrend
- Low volume consolidation where stock is getting accumulated by smart money
- Momentum clearly visible on upside within accumulation, by range and volume of green candles
- Breakout with strong volumes, resumes the stage 2 mark up phase
- SL below 73

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