BHEL

Aug 25, 2023

• Prices have confirmed long term trend change by clearing the down-sloping trendline and June 2021 high of 80.
  
• Monthly RSI has also cleared its bear phase oversold zone.
  
• In the past, a similar price pattern was followed by a strong multi-year up-move. We can expect the stock to now continue its uptrend to initially test 200, and eventually 360.
  
• Bullish outlook remains intact as long as price is above 80.
  

Jan 1

Note

Today, the price crossed 200, hence meeting our first Target!