As seen Bhel has broken out of Ascending Channel in the daily chart a few sessions back, thereby breaking the higher high and higher low price action and gone on to make lower high, indicating short term weakness. Lately, it has formed a descending channel and the stock is expected to move down along the channel.
Expected levels - 117, 110, 104.
Expected levels - 117, 110, 104.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.