Inverse Head and Shoulder Pattern in BHEL for target of 40+

29 gru 2020

In today's session, BHEL breakout the inverse head and shoulder pattern. As well as its trading above 200 DEMA. It's indicating a strong bullish move in this stock for a short term. In the upcoming few trading session, we can expect a target of 40+ in this stock. Can go long for a target of 40+ with nearest stop loss at 34.30. Near 35.50 is a good entry position in this trade to get a good risk-reward.

Possible Trade:
Buy BHEL above 35.50
Stop-loss 34.30
Target 40+

4 sty 2021

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