as per charts, Bhel is bullish to neutral, as in monthly charts it is broken monthly trendline but can it sustain, if yes then definitely bullish but till then it is neutral.
No doubt, a breakout in daily charts has happened, but now it is time for a retracement, A retracement up to 16360 or 16275 would be a healthy sign for a more positive move.
Will this level of 29K again come in dow jones? Will this fall continue for more than 3000+ points? The answer , no one knows only time knows? let's see all this and stay away from FNO till this volatility subsides.
#ForLearningPurposeOnly
I expect to long on Exide for a target of 190. I've done trendline analysis for the same on the chart. Also, the positive news is a boast to go long on exide.
I think it has taken support at 200 MA and now it probably going again up. My analysis is for the short-term and I may be wrong as I'm new to technical analysis. I have just seen support and resistance plotted the same on the chart. Please provide your comment on this view to improve it. In that way, I can also learn something new from that input.
