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.
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.