breakoutinvesting

Trend Reversal or Breakdown in BHEL?

NSE:BHEL   BHARAT HEAVY ELECT
Currently BHEL is in no trading zone.

1) Buy if it gives weekly closing above the Demand/ Supply zone i.e. 61 price level.

2) Short if it gives weekly closing below the zone i.e. 56 price level.

3) Currently it is very close to 200EMA on daily chart and it might take support from it.

4) Currently at very important 38% Fibonacci level
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