BHEL 4 HOUR WOLFE WAVE SELL SETUP
BHEL SELL NEAR 57.70 WITH STOPLOSS 61.30 TAKE PROFIT 52.70 AND 48.70
NOTE :
BHEL CURRENT HIGH 61.30 STRONG RESISTANCE
THAT POINT BELLOW IS SAFE SELL
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.
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
Bharat Heavy Electricals Ltd. is a holding company. It engages in construction of power plants and manufacturing of steam generators, turbine and electric motors. The company operates through the Power, and Industry segments. Bharat Heavy Electricals was founded on November 13, 1964 and is headquartered in New Delhi, India.
BHEL
