surya89trade
Long

BHEL- BULLISH DIVERGENCE & POTENTIAL DOUBLE BOTTOM

BSE:BHEL   BHARAT HEAVY ELECTRICALS LTD.
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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