Wednesday, March 21, 2012

Bharat heavy electricals limited

Today is again BHEL. This is fundamentally very strong PSU comapany and trading now on 270 level. This stock have very good support at 260 level. This will move higher level of 300 and above in coming days. This stock consolidated 260 level for very long period. This is very good supply level for this stock.
Other interesting things about stock.
  • This is very good for going long for investors.
  • This stock is volatile and very interesting for traders also.
  • This is blue chip stock.
  • This stock have 52 week high level 450.
  • This stock is at lower level of 223 in recent past and taken support in bear market.
  • This is also interesting to know that this had disinvestment list for this fiscal year.
  • Many broker had given bearish signal for this stock last month but this stock had jumped and touched 325 level. 
  • This is second leg of this pattern and stock will again jump from this level to 300 plus level.
  • Brokers had given bearish opinion on stock now also.
  • Technically spoken stock had doji pattern on candlestick yesterday and  this is reversal signal.
  • Doji singnal of yesterday had given conformation today.
  • BHEL had closed 270 level today is conformation of bull signal.
  • If tomorrow this stock jump above 276 level then this will definitely cross 300 level.

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