On the weekly chart, the stock has decisively broken out its past eight months “Consolidation Range” (230- 195) on a closing basis indicating strong come back of bulls
This buying momentum was observed from 20, 50 and 100 day SMA and rebounded sharply Bharat Electronics Limited Weekly With current week’s high (242) the stock has registered a new 52-week high which remains a bullish signal
The daily and weekly “band bollinger” buy signal reconfirm positive bias
The daily and weekly strength indicator RSI is in bullish mode along with positive crossover which supports rising strength in near term.
The above analysis indicate an upside of 252-267 levels.Time period is 3 to 4 wee
This buying momentum was observed from 20, 50 and 100 day SMA and rebounded sharply Bharat Electronics Limited Weekly With current week’s high (242) the stock has registered a new 52-week high which remains a bullish signal
The daily and weekly “band bollinger” buy signal reconfirm positive bias
The daily and weekly strength indicator RSI is in bullish mode along with positive crossover which supports rising strength in near term.
The above analysis indicate an upside of 252-267 levels.Time period is 3 to 4 wee
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19 APR HIGH 259