Tuesday, February 28, 2012

BHEL

Bharat heavy Electrical corrected yesterday from 325 to 290 price level  but it bounce back from level of 290 to again 309 level and closed 208 odd level. this level is support after  stock split and now trading on that. future prediction is that this stock will manage to go above this level and have target of 335 and above this level in coming days. There is FPO announcement is one trigger for this stock. FPO is expected in next fiscal year likely. upto that this stock will rally. we are waiting for target of 335 now.

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