BHEL can touch 70 before flying to 82.
Things to Note: 1. Good Wide range candle 2. Volume on BO 3. Change in market structure 4. Price above 50 MA P.S: This is NOT investment advice. This chart is meant for learning purposes only and is a part of my personal journal. Invest your capital at your own risk
Breakout of 50 will create new highs, short term target going till 76. Please support the effort & if you feel it deserving, do appreciate it with a Like and following me would only add on to the motivation. I believe in keeping the chart simple for easy interpretation. Kindly express any disagreement & improvements so that we learn & earn together. Always...
When 42-43 was acting as a resistance, it tested it multiple times and then given a breakout. Now the the price retraced to the level and now it will act as a support
Bharat Heavy Electricals Limited
after a long consolidation, stock has given a breakout & is ready to move towards 50/55 target area. Stop loss should be below 44.
Bhel Has Given Break Out After Testing For Multiple Years almost 3 years,If It Sustained Above Bhooms it's Going To be Rocket!! Please Let me Know Your Valuable Feed Back For My Analysis!
bhel swing trade if break resistance than tgt 1 after close above tgt 1 tgt 2 possible then tgt 3 if close above tgt 2