priya Priya is a Stock Market Analyst and professional blogger. She is the Founder and Author of www.analystcalls.in

BHEL Technical Analysis November 2011

30 sec read

BHEL is a heavily beaten stock in since 52 weeks. It has lost almost 50% in one year. Now trading at 298. It is very difficult to digest these kind of moves in a stock which is one of the major movers in Nifty-50.

It has strong technical support at 240 levels. In other words 15% from here on. If it falls more than 15% then it will enter into danger zone.
[wp_ad_camp_5]

 
For the investors those who want to enter freshly at the current levels should maintain 15% stop which comes around 240-250. So average with that stop when it falls.

Up-move will unfold above 330 levels. Even monthly Ichimoku chart it has been trading below resistance of 360s.

BHEL Monthly Chart

BHEL Monthly Ichimoku Chart

About the Author : Priya is the Technical Analyst and author of Analystcalls and often writes guest posts for Marketcalls.

 

priya Priya is a Stock Market Analyst and professional blogger. She is the Founder and Author of www.analystcalls.in

Stocks to Watch out on Union Budget 2015

In My last article, I mentioned about trading budget and market related to budget. In this one I will shed light on the stocks...
Balaji
49 sec read

Tata Consultancy Services-PBT Technical analysis

Tata consultancy services is one of the few popular stocks in the service sector.But recently-it moved into a Range bound environment which caught my...
Balaji
28 sec read

7 Long Term Charts to Watch

CNX Small cap index maitains the long term sell mode since Jul2014 and currently on the verge of breakout any close above 5291 on...
Rajandran R
46 sec read

One Reply to “BHEL Technical Analysis November 2011”

Leave a Reply

Get Notifications, Alerts on Market Updates, Trading Tools, Automation & More