Bharat Heavy Electricals Limited has broken through the ceiling of a falling trend channel in the medium long term. This indicates a slower falling rate initially, or the start of a more horizontal development.
The stock has broken a resistance level in
the short term and given a positive signal
for the short-term trading range. The stock
has broken up through resistance at rupee
76.00. This predicts a further rise. The
stock is overall assessed as technically
positive for the medium long term.
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Bhel levels update cmp 79.20 upside we may have one resistance placed at 80 if that gets breack and we get proper sustain of 1hr above it then move may get extend towards 83.85 to 86 levels if 80 does not get break and holds it then we might see some cooling off as lower time frame rsi is over heated which may take it downside till 74 levels to form next leg up move's base support
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