BHEL : important support

BHEL has started trading around 1998-99 and then found multiple resistance at 40-46 zone. Green trendline ( weaker one as only 2 supports has formed within 1 year time) also show support at 40-42 level. Weight of evidence is still not suggesting any buying at this moment but short term bounce can't be ruled from this important zone.

BHELChart PatternsTrend Analysis

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