Technical Calls:Bhusan Steel and BHEL

BHEL

BHEL is trading in a parallel channel on daily charts  with trading range between 2141 and 1961.As of now it is is middle of current trading range.
IF we have a look at hourly charts as shown below it is showing a contracting triangle formation which can breakout on upside as Stochastic  is oversold and RSI is about to go in oversold region on hourly.

Buy above 2037 Tgt 

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