BHEL - Looking good to retake some old highs
The stock is seeing almost five year High. On the weekly we can see a a nice VCP pattern.
On the Daily chart it is coming out of the supply shadow of effectively two "BC' Bars. Today we saw a High Volume "Effort to Move up" bar. The Relative Strength is also Positive.
After a long time the stock seems to be gathering the strength move up and scale up retake some of the old highs
On the Daily chart it is coming out of the supply shadow of effectively two "BC' Bars. Today we saw a High Volume "Effort to Move up" bar. The Relative Strength is also Positive.
After a long time the stock seems to be gathering the strength move up and scale up retake some of the old highs
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