Technical research on bhel
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This research report analyzes Bharat Heavy Electricals Limited (BHEL) and recommends a buy. It notes that BHEL has formed a triangle pattern signaling an upcoming breakout. The analyst recommends entering a long position between 237-244 rupees per share with a target price of 255-260 rupees and a stop loss of 232 rupees. The report concludes that BHEL shows upside potential of 6-8% over the next 10-15 days but notes that the recommendations are based on the author's technical analysis skills and may not be accurate. Readers should use their own judgment.
Technical research on bhel
- 1. RESEARCH REPORT ON BHARAT HEAVY ELECTRICALS LIMITED (BHEL) DATE : 23rd JUNE 2014 PREPARED BY: JAIKISHAN DHANWANI
- 2. TECHNICAL ANALYSIS ON BHARAT HEAVY ELECTRICALS LIMITED DATE : 23rd JUNE 2014 PREPARED BY: JAIKISHAN DHANWANI
- 3. TRIANGLULAR BREAKOUT ON CHART ? I recommend BUY on BHEL as it has formed a triangle pattern which is going to have a breakout in coming trading session. ? One can create a long position in the range of 237 - 244 with a target 255 - 260 and stoploss of 232. ? Though it was a negative day for the broader market, BHEL has managed to close in green which is a good sign.
- 5. CONCLUSION STUDY : TECHNICAL BREAKOUT Recom. Price Range : 237.75 - 243.75 Target : 255 - 265 Stop Loss : 232 Upside potential : 6% to 8% Time Frame : 10 - 15 days
- 6. Disclaimer I am student of Technical analysis, and these are my observations based on my study and understanding of the subject. I gain nothing by posting this recommendations. The recommendation provided above, may or may not hold true. Readers are therefore advised to exercise their own judgement. No one shall be held responsible for any losses incurred after acting on recommendation provided in this report.