Ripe for an up move?

13 Oca 2021

BHEL
On long-term charts price has been in a downtrend since more than a decade and has fallen in range of all time lows. It has seen good volume and support in all time lows range. If it manages to break and sustain above 42, then a change in trend can be seen. 26-28 can act as support area. Breakdown below that levels can negate the view.
On short term (daily) charts, price has broken a 12 month long range and is presently trying to sustain above the breakout levels.

5 Şub 2021

İşlem aktif

On daily timeframe, stock has currently managed to break and sustain above 42. But couldn't move above 44.5 which was previous high in July 2020. Further upside will be possible if it moves and sustain above 45 with good volume.

6 Mar 2021

İşlem aktif

Price has comfortably broken 45 levels and has managed to sustain above that. Trailed SL is now below 44 levels on closing basis.