Technical Analysis:BHEL,Hindalco Industries,Elecon Engineering and Orchid Chemicals
BHEL
BHEL has pulled back sharply near 2550: breakout point. Another Example of Resistance becoming support in a Bull market.
Stock took support at 2550 where it made a breakout
Buy above 2576 Tgt 2605,2627 and 2666
ELECON ENG
ELECON gave a good breakout yesterday with volumes above 99.5 which had been elusive for almost 2 years.
Buy above 101.9 or near 98.4 Tgt 103.4 and 106.8
HINDALCO INDUSTRIES
Hindalco as per our 5 EMA Strategy has closed above 5 EMS HIGH and can head higher as nifty is bound to cross 6300.Dollar weakening is a good …
Read the full story »
BHEL has pulled back sharply near 2550: breakout point. Another Example of Resistance becoming support in a Bull market.
Stock took support at 2550 where it made a breakout
Buy above 2576 Tgt 2605,2627 and 2666
ELECON ENG
ELECON gave a good breakout yesterday with volumes above 99.5 which had been elusive for almost 2 years.
Buy above 101.9 or near 98.4 Tgt 103.4 and 106.8
HINDALCO INDUSTRIES
Hindalco as per our 5 EMA Strategy has closed above 5 EMS HIGH and can head higher as nifty is bound to cross 6300.Dollar weakening is a good …
Read the full story »
posted by Bramesh at
9:22 AM
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