BharatJhunjhunwala

BHEL: Range Shift Bearish to Bullish?

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NSE:BHEL   BHARAT HEAVY ELECT
BHEL: After a former failure breakout attempt from the clouds, today’s session made an reattempt to breakout. The RSI is into a bullish zone and also managed to form a PR on the daily charts just near 60, indicating strength. The TK is pointing up with MACD above zero indicating bullish strength in the move. As long as the stock stays above 50 the trend up can be considered safe.
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Bharat Jhunjhunwala
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