BHEL - WAVE 3 IN PROGRESS (BUY)It continuing its Wave 3 and now looks much positive and bullish after new breakout from 146 levels. I believe it may touch 160-163 levels in Aug series.
BHEL
LONG BHELFlirting with 200DMA. If breached, no resistance in sight till 163 levels. Maintain stoploss at 135.
It has shown good breakout from resistance level of 135.
BUY BHELStock is having resistance at 118, and is showing a triangle trend.. Breakout highly possible, target 135
BHEL AT BUYING ZONE POINTS NOTED ON DAILY CHART,
1. Bullish Divergence of previous support
2. Trendline confirmation
3. Breaking news to support buyers, (BHEL bags 5600cr order in Tamil Nadu)
