BHEL is in downward trend on monthly, weekly and daily charts.
Currently it is in consolidation phase. Breakout possible if it stays above 55-57 levels for 2-3 days, then target of 60-62 can be seen.
On lower side it needs to break 49-48 levels for target of 44-43.
Trade with caution after today's intraday move.
Currently it is in consolidation phase. Breakout possible if it stays above 55-57 levels for 2-3 days, then target of 60-62 can be seen.
On lower side it needs to break 49-48 levels for target of 44-43.
Trade with caution after today's intraday move.