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.
Commento
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Commento
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Resistance level has been broken confirming both inv. H&S and Flag. Stock could surge anytime soon.
Sir, is there any hope to cross 95 before expiry of Nov Series?
StockRAI
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@sharad9336, 95CE has second highest OI as of now after 100CE. But there's been considerable reduction in OI of 95CE and a fair bit of addition of OI in 100CE today, which means Call writers could be rolling over from 95CE to 100CE. Going by that, Nov close can be between 95 and 100. But that's only an expectation. We can't guarantee that.
sharad9336
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@Akhil008, Ok, thanks a lot... Still my hopes are alive... :)