BHEL, after reaching to Resistance 3, stock may face some supply zone near to level 358.
Technical indicators, RSI, MACD and ADX suggest lone bullish trend which may allow stock to reach next resistance which place at 450 level. While previous resistance will be primary support for this move.
Disclaimer: This analysis is intended solely for educational and informational purposes. It does not constitute financial advice or a recommendation to buy, sell, or hold any security. Market participants should evaluate risks independently and consult a licensed financial professional before making investment decisions.
Technical indicators, RSI, MACD and ADX suggest lone bullish trend which may allow stock to reach next resistance which place at 450 level. While previous resistance will be primary support for this move.
Disclaimer: This analysis is intended solely for educational and informational purposes. It does not constitute financial advice or a recommendation to buy, sell, or hold any security. Market participants should evaluate risks independently and consult a licensed financial professional before making investment decisions.
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