Chart of the Week (06/02/2021)

6 feb 2021

BHEL is our chart of the week and it has given a good breakout above Rs. 42.45 (which is also our Stop Loss). The stock should show good long term target (3 years) of Rs. 190, otherwise one can follow the trendlines as targets that I have drawn on the chart for shorter time frame. But it is prudent to trade on confirmation and hence I would wait for Monday/Tuesday's closing to see if these levels actually hold.