Tuesday, April 14, 2009

BHEL - likely to POWER ahead!

Most bulls may have sighed a relief with the Nifty touching its 200 DMA. My presumption is that the 3300 and 3500 range will be crucial to watch. A break and close below 3300 may halt the ongoing rally.

One stock which can benefit from a stable Index is BHEL. It has been consolidating for a while and I presume a break above Rs 1585 should give a good upmove towards Rs 1750 to 1830 levels



I am sure all of you analysed and benefitted from the four 'high volume' scrips indicated in my previous blog.

Happy Trading !!

CA Rajiv D Khatlawala
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4 comments:

Rishi said...

Rajiv, if one takes a long position on break above 1585, what you think should be an appropriate stop loss for this script?

Thanks!

April 15, 2009 at 11:24 AM
Unknown said...

1490

April 15, 2009 at 11:51 AM
Rishi said...

Thank you for your comments. Your analysis has been spot on on various trades mentioned by you. Thanks a ton!!!

April 15, 2009 at 12:56 PM
Rishi said...

wow....half the target achieved in a day itself...now hoping for the rest of it by tomorrow...what amazing returns...Jai Ho !!!

April 15, 2009 at 3:07 PM

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