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BHEL : +67% to +239% Upside Potential

BHEL 25 Nov 2022
The stock was showing a good price action for the past couple of weeks, today BO of previous resistance TL with good volume.

In Play : HH-HL
Summary
• Clean TL BO with Vol
• Trading above VAH
• Next Resistance 108 : SH
Conclusion
• CMP 80.65
• Test Qty can be initiated
• Add to the position on RT-TL
• Higher Targets could be around
o Short Term : 102/120
o Mid/Long Term : 145-177-264

Wish You Happy & safe trading

Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.

"Always Respect Risk"

Happy Trading
Jai Hind Jai Bharat