Bhel chart:
Hourly Chart:
Daily chart shows has given breakout to inverted heads and shoulder pattern n. On the down side
Support at
21hema: 185
5 dema :185.5
5 day low ema and 5 week close ema :183
Resistance at :
5 week high and 5 day high ema : 188
34hEMA : 186
So it can be concluded that 183-185 is a support zone for the share and 186-88 is resistance zone for the script. Elliot wave suggest we can have one more leg (WAVE c/3) upside.
BUY above 188 target 196 sl 185
So, plan your trade accordingly.
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