BHARAT HEAVY ELECT NSE:​BHEL

Buy BHEL between 75-72 T1: 87 T2: 95 SL: 66

Support 74.50, resistance at 80.60. If resistance is crossed, then target will be 92.50

Everything is mentioned in the chart.

I plan to book profit near this high.

Bhel can test the 80 level.

BHEL has bounced from the long term support of 58-60 range. We saw 100% + return when it touched the same level last time. It has also bounced this time with moving average crossover on all time frames. It has also broken out of long term resistance line. Long term traders can accumulate below 70 with stop loss of 58 for 100% return in 12-18 months time....

Check the chart.

Bhel is back to retest it's trendline BO levels. Supported by bullish signals on ichimoku cloud, the risk reward looks more favorable for going long in bhel. One can buy BHEL @ 71-72.50 Levels with stop below 70 on daily closing basis and targets of 78-80-82. Safe traders may look for 76 as partial or full profit booking zone.

Immediate resistance is at 75.15, support is at 70.65, have strong coviction that in intermediate term it will see a level of 84

LONG BUY above 77

One can buy above 77

near resistance, but bullish. Buy for target of 10 points

follow the mentioned level

SEE CHART

bhel can go all the way to 83 strategy-accumulate

Price at weekly resistance with inverted hammer and oversold RSI.

Levels mentioned in the chart!

has given a channel breakout