Tuesday, March 19, 2013

BHEL ANALYSIS 19 MARCH

This is 8yr weekly chart showing some support and a hope to become bullish divergence if it goes up in near future.

Now look at the 6 m daily chart which is clearly showing H&S Pattern and the targets achieved.

Look at the patterns closely in a 3 m daily chart...
It has already achieved two targets of H&S.

So in my opinion we should trace it because it is on its support level.
Now no advice to buy it.


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