BHEL --MONTHLY CHART SETUP -- potential multibagger 2023
1. BHEL pick as potential multibagger 2023 due to bullish techncial indicators on chart set up
2. Monthly Trendline breakout , Resistance Breakout seen on chart .
3. lower channel breakout seen around 40-45 sub level since then stock at uptrend following trendline at upper channel currently
4. RSI above 60, and above wma strong bullish indicator .
5. Golden cross of 44 and 200 hma , trading above 44, 100, 200 HMA
6. Potential upto 50-80% Upside from current level in 1 year timeframe
7. ENTRY .. 75-80 above resistence breakout level , TARGET 100-120-150 IN 1 YEAR , STOP LOSS 55
** THIS IDEA IS FOR EDUCATIONAL PURPOSE .. trade at own risk .!!
HAPPY NEW YEAR... HAPPY TRADING .!!
1. BHEL pick as potential multibagger 2023 due to bullish techncial indicators on chart set up
2. Monthly Trendline breakout , Resistance Breakout seen on chart .
3. lower channel breakout seen around 40-45 sub level since then stock at uptrend following trendline at upper channel currently
4. RSI above 60, and above wma strong bullish indicator .
5. Golden cross of 44 and 200 hma , trading above 44, 100, 200 HMA
6. Potential upto 50-80% Upside from current level in 1 year timeframe
7. ENTRY .. 75-80 above resistence breakout level , TARGET 100-120-150 IN 1 YEAR , STOP LOSS 55
** THIS IDEA IS FOR EDUCATIONAL PURPOSE .. trade at own risk .!!
HAPPY NEW YEAR... HAPPY TRADING .!!