Technical Analysis:BHEL and JP Associate
BHEL
BHEL has been awarded the 9 th most innovative company in the world. Results were a disaster set of numbers and market punished the stock.
Stock broke the crucial support of 1890 and went down to fill the gap made in may 09.
After the fall BHEL is consolidating in a range taking a breather in 1856-1800 range.Break of either 1800 will take the stock lower and Break of 1856 will take the stock higher where the breakdown occurred at 1890 levels.
Biased is towards downside as still the gap till 1754 needs …
Read the full story »
BHEL has been awarded the 9 th most innovative company in the world. Results were a disaster set of numbers and market punished the stock.
Stock broke the crucial support of 1890 and went down to fill the gap made in may 09.
After the fall BHEL is consolidating in a range taking a breather in 1856-1800 range.Break of either 1800 will take the stock lower and Break of 1856 will take the stock higher where the breakdown occurred at 1890 levels.
Biased is towards downside as still the gap till 1754 needs …
Read the full story »
posted by Bramesh at
8:36 PM
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