Published on 7/12/2017 1:11:31 PM | Source: Religare Securities Ltd

Sell Bharat Heavy Electricals Ltd For Target Rs.84.00 - Religare Sec

Posted in | #Bharat Heavy Electricals Ltd #Engineering Sector #Trading Report #Religare Securities Ltd


Bharat Heavy Electricals Limited

BHEL has been struggling below the resistance zone of moving averages on multiple time frames for last several months. It has formed a fresh shorting pivot after hovering in narrow range. Traders can use any bounce in the given range to initiate fresh shorts.

 

 

Recommendation

Sell BHEL Ltd  Futs @ 91-92 Stoploss 95 Target 84 CMP 90.45 .

 

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