Tuesday, September 23, 2014

BHEL Mid Term View






BHEL made a triangle pattern. Keep close eye on 214 and 235 level.These levels will work as trend decider in coming days. Any closing below 214 may lead this stock in to bearish. However there is a uptrending trend line support around 190. If stock is not able to hold that than it may witness 130-90 levels in mid term. and any closing above 235 will make stock in bull trend and may see 280-310 levels in coming days

2 comments:

  1. lower side stock hit the sl and entered in bull zone.. made high of 287.80 against my target of 280...

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