Bharat Heavy Electricals Limited
ロング

Strong Reversal From Lower Trend :- Pattern Continuation

1 299

- The stock has been trading within an ascending broadening wedge pattern, characterized by higher highs and higher lows.
- Recently, the price bounced off the lower trendline support around INR 280, showing bullish strength.

- There is a notable increase in volume, supporting the recent price surge, indicating strong buying interest.

- The RSI is currently around 48.62, suggesting a potential rise towards the overbought region, supporting further upside momentum.

- **Support:** INR 280 (Lower Trendline)
- **Resistance:** INR 340 (Upper Trendline)

- The stock is expected to continue its upward trajectory within the wedge, potentially testing the upper trendline resistance around INR 340.

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