Bhel has been in a correction for some time and tested 50 levels. Now, it is the time to upward journey as it broke short term trend time. From the chart, it is clear the #BHEL is respecting the parallel chart pattern. It took 3 supports on the downside and one rejection at the top. We might see one more rally and fill the gap, which BHEL created at around 72. Sl...
All PSU bank stock might outperform in the coming months. I am targeting Canara Bank and Bank of Baroda. We might see a breakout in Canara bank from these levels. The Current CMP is 176.85. I have bought shares of Canara bank at 174 and targeting till 200. If it sustains a physiological level of 200, we might see 225-230 levels. Time Frame: 1-2 Months
LICHSGFIN is on the way towards 500+. I am expecting a target of 534 with a stop loss of 363. I have taken the long position at 384, and its last trading price is 409. LICHSGFIN is following a parallel chart pattern, and it is respecting the trendlines. It took support at the supply zone and bouncing back for the upward journey. The risk-reward ratio of the setup...