Tuesday, 25 November 2014

Intraday Idea for BHEL

Risk: High

Bharat Heavy Electricals BSE: 500103 | NSE: BHEL
BUY BHEL

Target:  264.65 / 266.45

263.55 and 264.65 are good resistance levels. 

Keep stoploss at 259

If the stock moves above 267,

The targets are 268.35 / 271.15 /274

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If the stock falls below 258.60,

SELL with an initial target of 257.65

Further downtrend will take the stock to 256.85 /254.90


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