Heavy electrical equipment manufacturer Bharat Heavy Electricals Ltd (BHEL) has rallied by about 16% in a month to a fresh 52-week high in July, but the chart structure suggests that the rally in stock price is not over yet.The stock rose from Rs 84.65 on June 23 to Rs 98.05 on July 24, which translates into an upside of about 16% in a month.The stock hit a 52-week high of Rs 99.53 in intraday trade on July 25.
It has rallied over 6% in a week
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