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)
BHEL, Cypher pattern indicate good upside ahead.
BHEL : Two in one, not only did BHEL breakout of triangle but also it completed leg D of bearish cypher pattern, now that we have reversed with big candle, i expect stock to visit breakout point of triangle which is also 61.80% FIB retracement, should turn out to be good opportunity of buy, just keep a tab for learning!
it should now run nonstop till 300 post which it will correct for some points and then run again!