Bhel Research Report Bhel stock
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PUNJI NIVESH C w Accumulate BHEL be While analyzing the Weekly charts o perspective if bought from medium 187)~ The stock price is making “Hig ~ The RSI is also making “Higher Bot However the “RSI” is at previous cru ~ We believe the stock could correc retracement of the previous rally fr acted resistance on previous upside “Theory of Polarity” this levels will n returns if bought from the lower lev Abhijeet Singh COMMODITY & EQUITY RESEARCH PVT L www.punjiniveshonline.com etween 175-177. Target 220 & 255. Stopl of “BHEL” We found the stock looks good from Risk m to long term perspective at lower levels of 175-177 gher Top” and “Higher Bottom” which is good as pe ottom” as can be seen by green colored upward poin ucial resistance of 60-61 levels and could tilt a bit do ct a bit and take a support at lower levels, probably rom 146 to 193. The value for which is 175.2~ 175 le es. The stock breached the resistance in 1 st week of now acted support on Downsides~The stock could d vels of 175-177 LTD loss 144 -Reward 7 levels (CMP er “Dow Theory”. nting arrows. ownwards at the 38.2% evels had also March. As per deliver good
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Punji Nivsh Commodity & Equity Research Report Bhel Stock -www.punjiniveshonline.com
Transcript of Bhel Research Report Bhel stock
PUNJI NIVESH COMMODITY & EQUITY RESEARCH PVT LTD
www.punjiniveshonline.com
Accumulate BHEL between 175
While analyzing the Weekly charts of perspective if bought from medium to187)~ The stock price is making “Higher Top
~ The RSI is also making “Higher BottomHowever the “RSI” is at previous crucial resistance of 60
~ We believe the stock could correct a bit and take a support at lowretracement of the previous rally from 146 to 193. The value for which is 175.2acted resistance on previous upsides. The stock breached the resistance in 1“Theory of Polarity” this levels will now acted support on Downsidesreturns if bought from the lower levels of
Abhijeet Singh
PUNJI NIVESH COMMODITY & EQUITY RESEARCH PVT LTD
www.punjiniveshonline.com
etween 175-177. Target 220 & 255. Stoploss 144
charts of “BHEL” We found the stock looks good from Riskmedium to long term perspective at lower levels of 175-177 levels (CMP
Higher Top” and “Higher Bottom” which is good as per “Dow Theory”
Bottom” as can be seen by green colored upward pointing arrowsHowever the “RSI” is at previous crucial resistance of 60-61 levels and could tilt a bit downwards
could correct a bit and take a support at lower levels, probably at the retracement of the previous rally from 146 to 193. The value for which is 175.2~ 175 levels had also acted resistance on previous upsides. The stock breached the resistance in 1st week of March. As per
this levels will now acted support on Downsides~The stock could deliver good levels of 175-177
PUNJI NIVESH COMMODITY & EQUITY RESEARCH PVT LTD
177. Target 220 & 255. Stoploss 144
-Reward 177 levels (CMP
which is good as per “Dow Theory”.
red upward pointing arrows. 61 levels and could tilt a bit downwards
er levels, probably at the 38.2% ~ 175 levels had also
week of March. As per he stock could deliver good
