Neutral Idea on BHEL
On one side, the Double top indicates the chart to be Bearish. But on the other side, a rounding arc with good support and increase in volume leads this chart on the Bullish side. So I am on the neutral side.
If it breaks resistance with good volume then go for a short term to long term investment. But if it falls below the resistance, then wait for some dips to accumulate the shares.
I would not recommend it for trading as this is low volatile stock.
You all can comment down on any suggestion.
If it breaks resistance with good volume then go for a short term to long term investment. But if it falls below the resistance, then wait for some dips to accumulate the shares.
I would not recommend it for trading as this is low volatile stock.
You all can comment down on any suggestion.
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