BHARAT HEAVY ELECTRICALS LTD. BSE:​BHEL

BHEL has decent support at 82 levels ..watchout for this level, best to buy will be in the range of 82-84...

Debt free , healthy dividend and divestment candidate makes it a safe bet for long term holding. Resistance at 175 then see 250-275 . Now we can say investment in Navratna is worth. Also there is a tax rebate in investing in this company. think simple think long , stockdada.com

BHEL has stalled the downward move on the daily trendline support at about 86. The trendline has been tested twice and each move lower has resulted in higher highs on the oscillator forming a bullish divergence. A break and close above 89.90 will confirm the double bottom for a price target of 92.70.

BHEL is given breakout buy about 98. tgt 108,111 and 120. Not a certified SEBI analyst. Please take financial advisor help for your investment decision.

Wave 3 has been started on Monthly Chart

bhel is trading inside a range move above 165 will take the prices towards 175 which is the target for this consolidation pattern

It is been observed that the price action breaking above the resistance levels of 138 and now retracing back to it making it a support levels. Now, it is moving up to next resistance level at 144-145 levels. Target: 145 Stoploss: 138