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Laxam Rekha for BHEL 50 SMA@2068 as clearly mentioned on charts.BHEL is unable to cross it and getting resisting at this level.On Lower line it is forming a higher lows .
Mr.Brahmesh,
I have a doubt regarding BHEL, isnt it forming a right shoulder of a bearish Head & Shoulder pattern
Dear Arunji,
BHEL is forming inverted HnS but i have very less faith in this pattern.
I believe in Price and Volume action more.
Rgds,
Bramesh