The stock was trading in an overbought zone with day’s RSI and MFI at 73.6 and 81.8 according to Trendlyne data. A number above 70 is considered to be an overbought zone for the stock. BHEL is also trading above its 50-day and 200-day Simple Moving Averages (SMA) according to Trendlyne data.
BHEL extends rally to 6th session, jumps 8% on order win from NTPC
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