The market cap of BHEL is 103477.19 Cr., the EPS(TTM) is 104.65 , the P/E ratio is 20.20 and that of industry is 21.13.
Weekly Chart
The weekly chart of BHEL shows that the stock has started to rise after correction. There is resistance at a level of 2155.56, caused by the 20 week simple moving average, then the next level of resistance is at 2297.22 caused by the 100 week simple moving average.The MACD has crossed the signal line above,the RSI is moving towards 50% and stochastic has emerged above the 20%. All this conclude that a buy signal is given by the indicators.
Daily Chart
The daily chart shows that the closing on 1 Aprl 2011 is at 2127.7, the resistance is at 2155.56.The MACD has crossed the signal line above, the RSI is near the 70% level, The stochastic is above the 80% level, the overbought region. All this conclude that the up move will continue after a minor correction or consolidation.
Recommendation: One can buy BHEL above the levels of 2155.56 with a target of 2297.20 with a stop loss of 3 to 5%according to one's risk appetite.
Weekly Chart
Daily Chart
The daily chart shows that the closing on 1 Aprl 2011 is at 2127.7, the resistance is at 2155.56.The MACD has crossed the signal line above, the RSI is near the 70% level, The stochastic is above the 80% level, the overbought region. All this conclude that the up move will continue after a minor correction or consolidation.
Recommendation: One can buy BHEL above the levels of 2155.56 with a target of 2297.20 with a stop loss of 3 to 5%according to one's risk appetite.
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