BHARAT ELECTRONICS LTD
Hello & welcome to this analysis
Stock continues to be in an uptrend in the higher time frame with resistance in the monthly/weekly time frame near 145.
In the lower time frame its forming a wedge like structure with a small triangle. Resistance at 128.50 support at 124.
The stock has been a rank outperformer and any dips to monthly / weekly support zones would be an opportunity to buy, as well as investors could continue to do SIP in it from a long term perspective.
Happy Investing
Stock continues to be in an uptrend in the higher time frame with resistance in the monthly/weekly time frame near 145.
In the lower time frame its forming a wedge like structure with a small triangle. Resistance at 128.50 support at 124.
The stock has been a rank outperformer and any dips to monthly / weekly support zones would be an opportunity to buy, as well as investors could continue to do SIP in it from a long term perspective.
Happy Investing
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