Bharat Heavy Electricals LimitedViés de alta
Strong Reversal From Lower Trend :- Pattern Continuation
- 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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Join our community in telegram for real time updates --- telegram.me/marketiik
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A simple trader, distancing from the fake crowd. Simplifying complexity, I prioritize genuine insights over trends.
Telegram- telegram.me/marketiik
A simple trader, distancing from the fake crowd. Simplifying complexity, I prioritize genuine insights over trends.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.