Every time after 4 or 5 weeks at support the stock moves up
If history tends to repeat we may see a fresh breakout
Mouth support to resistance is in a gap of 110 points or 60% range.
After the breakout, the same 110 points (380 Target) or 60% rise (Target 428) in upcoming months.
Coal India consolidation is about to end soon and expected Targets are as follows
T1 - 155 (1-2 Months)
T2 - 170 (2-4 Months)
T3 - 185 (4-6 Months)
Final Target - 200 (6-10 Months max)
The beauty is that each target exactly has 15 Rs difference
BHEL - Monthly chart looks highly bullish.
Buy above 44.5 (Neck point of Harmonic analysis) for targets as follows
Bearish BAT Pattern target - 67.5 to 68.0. At this point, we might see a small reversal so once can book 50% profits at this level.
After a reversal, once it crosses 67.5 again, re-enter with the same 50% again.
Bearish Crab pattern target - 108...