Bharat Heavy Electricals (BHEL) stock has risen over 10% in the past three months, leading to a breakout above a falling trendline resistance on quarterly charts. Experts suggest that this will allow the stock to rise towards 100 levels in the next three to six months. The monthly chart shows that BHEL has formed a flag pattern, which is viewed as “a bullish continuation pattern.” The Relative Strength Index (RSI) is at 62.5, which is currently positive. According to Technical Analyst Kapil Shah, BHEL’s stock is looking positive in the medium term, with an upside move to Rs 108 level with a stop loss of Rs 78.
Sugar stocks rally continues: Balrampur Chini, Dhampur Sugar, Uttam Sugar Mills rally up to 4%. Two big triggers
Sugar stocks rallied as domestic sugar prices surged sharply over the past month. Government data showed retail prices rising from Rs 48.18/kg on July 20