StockRAI

BHEL | Inverted Head & Shoulder | Bullish Flag

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NSE:BHEL   BHARAT HEAVY ELECT
Inverted Head& Shoulder and Bullish Flag pattern can be identified in BHEL. Stock is in very good shape to crack supply zone 93.5/94. Once this level is taken out a strong uptrend towards 100 is very much a possibility with an extension to 101.5 level, which can be considered as second target.
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Resistance level has been broken confirming both inv. H&S and Flag. Stock could surge anytime soon.
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