Bhel: 152-165 May Be A Good Hurdle; The Stock May Be Running Much Ahead Of Fundamentals

Trading Idea: Bhel

CMP: 149

Sell around 152-162 OR on rise around 175-180

TGT: 140-132*-120-110*-96-90* (1-6M)

TSL> 165 OR > 185

Note: Sustaining above 165, Bhel may further rally towards 175-180, which is again a strong resistance zone and only consecutive closing (3 days) above 185, Bhel may further rally up to 198-215*-220-235* zone in the near to mid term (alternative bullish case scenario from the present trading level).

More to be updated----

Analytical Charts: