Technical Stock Analysis:BHEL,GVK and Hindalco

By | December 4, 2012 9:16 am


BHEL is near its 200 DMA and crossing over the same can above 240 can see a quick move till 245-250

Buy above 240 Tgt 243,247 and 248

Sell below 236 Tgt 234,232 and 229



GVK PIL bounced from 12-14 and is near its important resistance of 200 DMA @14.3. Any move above it will continue the uptrend else a pull back can be expected.

Buy above 14.4 Tgt 14.6,15 and 15.6

Sell below 13.9 Tgt 13.65,13.3 and 13



Hindalco has formed a Double top of 118.85, Unable to cross the same will invite an correction.

Sell in range of 118.5-119 Tgt 117.2,116 and 114.4

Category: Daily

About Bramesh

Bramesh Bhandari has been actively trading the Indian Stock Markets since over 15+ Years. His primary strategies are his interpretations and applications of Gann And Astro Methodologies developed over the past decade.

Leave a Reply