MULTIBAGGER 2023 ---BHEL

BHEL --MONTHLY CHART SETUP -- potential multibagger 2023

1. BHEL pick as potential multibagger 2023 due to bullish techncial indicators on chart set up

2. Monthly Trendline breakout , Resistance Breakout seen on chart .

3. lower channel breakout seen around 40-45 sub level since then stock at uptrend following trendline at upper channel currently

4. RSI above 60, and above wma strong bullish indicator .

5. Golden cross of 44 and 200 hma , trading above 44, 100, 200 HMA

6. Potential upto 50-80% Upside from current level in 1 year timeframe

7. ENTRY .. 75-80 above resistence breakout level , TARGET 100-120-150 IN 1 YEAR , STOP LOSS 55



** THIS IDEA IS FOR EDUCATIONAL PURPOSE .. trade at own risk .!!

HAPPY NEW YEAR... HAPPY TRADING .!!