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BHEL
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BHEL

Por CourtroomInvestments
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  • Prices have confirmed long term trend change by clearing the down-sloping trendline and June 2021 high of 80.
  • Monthly RSI has also cleared its bear phase oversold zone.
  • In the past, a similar price pattern was followed by a strong multi-year up-move. We can expect the stock to now continue its uptrend to initially test 200, and eventually 360.
  • Bullish outlook remains intact as long as price is above 80.
Nota
Today, the price crossed 200, hence meeting our first Target!
Chart PatternsTechnical IndicatorsTrend Analysis
CourtroomInvestments
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