Bharat Heavy Electricals Ltd. (BHEL) Break Out Trade Opportunity
Date: 6-Apr-2022
Rating: Buy
LTP: Rs. 56.75
Target: Rs. 66-->80-->90
SL: 47
BHEL
has given a break out from its secondary down trend within primary up tread as well as from its long term resistance level of 56 with increased volume. 7D EMA has crossed over 13D and 26D EMA. MACD cross over is already done and now its showing good strength for a bull run. RSI is at 65 and has shown positive convergence.
Disclaimer: I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market.
Rating: Buy
LTP: Rs. 56.75
Target: Rs. 66-->80-->90
SL: 47
BHEL
has given a break out from its secondary down trend within primary up tread as well as from its long term resistance level of 56 with increased volume. 7D EMA has crossed over 13D and 26D EMA. MACD cross over is already done and now its showing good strength for a bull run. RSI is at 65 and has shown positive convergence. Disclaimer: I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market.