BHEL emerged as a standout performer, breaking from a broadening wedge pattern and subsequently retesting it. Highlighted at a price of 79, the stock has followed the anticipated trajectory, reaching today’s peak at 165 and delivering a multi-bagger return.
Despite the lackluster performance in the last quarter results, I chose to hold on to my position relying on technical analysis, a decision that has proven beneficial. I maintain my conviction that it will reach 180, and to secure my gains, I plan to trail my stop loss.
Previous blog post: link
Leave a Reply