BHEL RECOVERY EXPECTED
Updated
Goverment of India has stated that defence requirements in India will be made by India and reduce any imports. This has seen a direct effect in companies working for the defence sector like 
HAL, 
BEML, 
BEL, 
BDL& so on.
BHEL has also seen it's fair share of buying in the last week with the news annoucement pushing all defence PSUs higher.
It touched a Intrday high of INR 39.15 on 14th August 2020. It's expected to make a recovery to INR 44.00
BDL
HAL, BEML, BEL, BDL& so on. BHEL has also seen it's fair share of buying in the last week with the news annoucement pushing all defence PSUs higher.
It touched a Intrday high of INR 39.15 on 14th August 2020. It's expected to make a recovery to INR 44.00
BDLNote
BHEL reached intraday high of 39.70Note
BHEL made a high of 41.95 on Aug 21st.Recovery is right on schedule.
Note
BHEL made a intraday high of 42 on Aug 28th Trading session.Target is on schedule for september.
Trade active
BHEL has hit our reversal arc. Next few days will show the movement.Trade active
Still holding BHEL out for recovery. It has fallen from our estimated recovery trend. Will update in a few days.Markets overall have taken a beating in the last few days.
Note
BHEL fallen to our support zone pivot.
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