Bhel is showing sign of bottom out at 1880 to 1900 level, in market 2011 also it rebounded from 1900 and prior in 2009 June July also it has made double bottom at 1900.
this indicates sharp upside rally is expected.
on higher side immediately target comes to 2000 to 2200, and sustain above 2200 will move to test 2500 in near term. CMP is 1930 can start accumulating.
Chart attached
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