BHEL is making inverted head & shoulder pattern on daily time frame.
Also on weekly basis , inverted head & shoulder can be drawn (right shoulder with slight more deep due to volatility).
One can go long BHEL above 80 with target of 91, 105 ,120+. Stop loss can be at 63. Time frame 3 months.
RSI is favorable, MACD also becoming favorable. Price taking support on DEMA 9.
If earning comes out to be good then we can see BO on charts.
Also on weekly basis , inverted head & shoulder can be drawn (right shoulder with slight more deep due to volatility).
One can go long BHEL above 80 with target of 91, 105 ,120+. Stop loss can be at 63. Time frame 3 months.
RSI is favorable, MACD also becoming favorable. Price taking support on DEMA 9.
If earning comes out to be good then we can see BO on charts.