BHEL
Long

BIG MOVE COMING UP IN BHEL

Updated
Yesterday BHEL resistance 56 level after 5 months and today it holds not only the bullish pattern but also closes above 65 resistance level. The volume indicator also showing a big move or some news is coming soon. Last time such volume rally share price 50 to 80%. this time target for short time 75 and for long term above 100 rs. with stop loss 56 level.
Note
on May 11, Our Short-term target of Rs75 was achieved and some profit booking was seen on May 12. The more than 1.4 crore Block Deal was traded yesterday. Still Bullish on BHEL.
Note
In this week, BHEL performs extremely well gives a 15% return in 2 sessions, and achieves our short-term target but also shown in the chart it bounces back after hitting the resistance level at 75.
For the Long term:
Don't worry, just hold as per your risk capacity and book profit otherwise I am bullish for long view for our target
Note
See the weekly chart, everything is well explained. Share is trying to break the important resistance level. Just hold the shares it is going to hit again.
For the short term :
Buy near to 68 levels and the target will be 75.
For the long term:
1 target is achieved and waiting for 2 targets.
Note
Last time, I give a short-term strategy to buy at dip and sell at 75 was achieved again. SAme again strategy for traders and for the long term, Stock is Still in momentum and waits for the break of the resistance level at 75.
Note
In this week, share able to hold 75 level and close above it. now waiting for the target 82 in the coming days.
Note
Today's share falls due to the result but if you are a long-term investor then don't afraid of it. hold it and give some time. If you are a short-term investor any time below 65 then the exit option prefers.
Note
company shares data of one-time provisioning of 1800 cr. I am still bullish about the share accumulation on every dip for our long-term 100 rs target.
BHELChart PatternsTechnical IndicatorsTrend Analysis

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