BHEL Share Tips, Technical Analysis Chart, Intraday Stock Trading Graph Advice - Stock facing strong support around 220, Weakness expecting if closes below 220, close watch. (Updated for 11th August, Monday).

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• BHEL is moving in a down channel formation, chart indicates if stock breaks and closes below its formation then further weakness is expecting as shown in graph no 1.
• Chart also indicates stock is facing golden ratio 61.8% fibonacci retracement support zone. If stock closes and stays below 220 then further weakness is expecting in BHEL.
• Intraday close watch once stock starts trading below 220, if stays below then intraday weakness is expecting.
• Suggested Reading - AUROBINDO PHARMA facing strong support at current levels, buying expecting if closes and stays above 746.
• As per graph no 3 BHEL is now trading below 20 days moving average, as long as trades below bears are active in stock, once closes above then this will be the first sign on bulls trend. Close Watch.
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