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gvvaidya

BHEL possible breakout on Monthly Channel - long for 360++

BHARAT HEAVY ELECT (NSE:BHEL)  
gvvaidya Updated   
NSE:BHEL   BHARAT HEAVY ELECT
Chart Patterns
37
6
chartpattern
BHEL monthly chart...possibility of a falling channel breakout....if it sustains then expect 360 to 390 in medium term...215 should sustain for this to happen
Comment:
BHEL nice breakout seen with good vol as well....lets see how bulls manage to take it up ahead
Trade active:
2 monthly close above the upper TL...good going bulls
Trade active:
from 207 on Jan 17 to 269 on Apr 12 not bad at all.....stock moving ahead in the right direction for the levels mentioned earlier...good going so far
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