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BHEL - All set to test the ~5 years resistance trendline
BHEL
Long
BHEL - All set to test the ~5 years resistance trendline
By Naresh_NM
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Sep 7, 2022
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Sep 7, 2022
In weekly timeframe, BHEL resistance trendline from 2018 till now itgot 3 times and out of that 2 with good volumes in last 2 years.
It broke the triangle pattern around 50 and consolidated nicely moved to 60+...
Now, it set to test the 5 years trendline around 69-71. Intesting scrip to watch in next 3-4 weeks.
Note: This is just educational purpose not recommendations at allp
Chart Patterns
Trend Analysis
Naresh_NM
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