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surya89trade
Nov 21, 2017 4:59 AM

BHEL- BULLISH DIVERGENCE & POTENTIAL DOUBLE BOTTOM Long

BHARAT HEAVY ELECTRICALS LTD.BSE

Description

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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