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surya89trade

BHEL- BULLISH DIVERGENCE & POTENTIAL DOUBLE BOTTOM

Long
BHARAT HEAVY ELECTRICALS LTD. (BSE:BHEL)  
surya89trade Updated   
BSE:BHEL   BHARAT HEAVY ELECTRICALS LTD.
Chart Patterns Trend Analysis
2
0
chartpattern trendanalysis
BHEL has stalled the downward move on the daily trendline support at about 86. The trendline has been tested twice and each move lower has resulted in higher highs on the oscillator forming a bullish divergence. A break and close above 89.90 will confirm the double bottom for a price target of 92.70.
Trade closed: target reached
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