Technical Analysis of BHEL,Kotak Bank

BHEL Near tgt

BHEL has been trading range of 1894-1950 in daily chart. Stock is now trading in upper end of range @1950 and with volumes above average.

RSI and Stochastic is generating BUY.

Buy above 1950 Tgt 1960,1973 and 1982

Sell below 1941 Tgt 1934,1922 and 1915


Kotak Bank

Kotak forming a symmetrical triangle with a Negative divergence in RSI.

Divergence should not be traded till we see the price confirming the downside move.

Buy above 452 Tgt 455,458 and 462



1 thought on “Technical Analysis of BHEL,Kotak Bank”

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