Technical Stock Analysis:BHEL,GVK and Hindalco

By | December 4, 2012

BHEL

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

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

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

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