As predicted in the last analysis, the scrip has started its journey upwards. The volumes were encouraging but should be taken with a pinch of salt since today was also the RBI’s policy review. We can expect the BHEL to travel slowly now and reach the first target of 188-190 before this week concludes. We can also now comfortably take the stop loss up to 175.
Showing posts with label Heavy Engineering. Show all posts
Showing posts with label Heavy Engineering. Show all posts
Monday, June 17, 2013
Saturday, June 15, 2013
0001BHEL16June2013 – Bet on it!
After a hiatus from tech analysis due to my job, I have come back with a bang. And this stock brings promises of a 30 point gain. Right now, the stock is trading at a 4 month low of mid 170s. First target of 188-190 and second target of 197-200 will be a good bet. Since, these are the levels that the stock has skirted just twice in 4 months we need to keep a tight stoploss of 170.
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