Bharat Heavy Electricals Limited

BHEL Consolidating with reduced volumes: Stoked for breakout?

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BHEL has formed a symmetrical triangle on hourly charts.

A requirement for a triangle formation is consolidating or reduced volumes and that is exactly what is seen on this setup.

It will resume a previous uptrend, ie, upwards, after it breaksout from the triangle. Keep on radar.

Like and follow.

BHEL

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