BHEL
Diupdate
- Prices have confirmed long term trend change by clearing the down-sloping trendline and June 2021 high of 80.
- Monthly RSI has also cleared its bear phase oversold zone.
- In the past, a similar price pattern was followed by a strong multi-year up-move. We can expect the stock to now continue its uptrend to initially test 200, and eventually 360.
- Bullish outlook remains intact as long as price is above 80.
Catatan
Today, the price crossed 200, hence meeting our first Target!
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