BHEL - POSITIONAL - BULLISH TREND REVERSAL
BHEL find bullish trend reversal daily candle on yearly chart 1day timefram. stock corrected from 78-80 level to 50-55 and last few days consolidating around 55-60 level ..last trading session stock has given strong breakout on daily candle with good volume confirm trend-line and triangle breakout clearly seen on chart.
from current level CMP 62.65 as positional trade 10-20% upside can seen next 10-15 days time .
Bullish technical indicators .
1. trend-line and triangle breakout
2. Double bottom seen before breakout
3. volumn seen increase
4. RSI bullish
BUY BHEL cmp 62.65
TARGET 66-68-70
STOP LOSS 55
** Please do own study and analysis this idea can help you for same..tale call at own risk. !!
WISH YOU HAPPY TRADING. !!
from current level CMP 62.65 as positional trade 10-20% upside can seen next 10-15 days time .
Bullish technical indicators .
1. trend-line and triangle breakout
2. Double bottom seen before breakout
3. volumn seen increase
4. RSI bullish
BUY BHEL cmp 62.65
TARGET 66-68-70
STOP LOSS 55
** Please do own study and analysis this idea can help you for same..tale call at own risk. !!
WISH YOU HAPPY TRADING. !!
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