Showing posts from October 10, 2014

Bharat Heavy Electricals

BHEL (219) - Posted on 09th July as "Hope and support 240--230
But below that down side target  202-192"

After this post, it broken the support on 14th July and afterwards repeatedly resisted  at 230-240 level (intra day, at best case it went up to 245 on 16th July and  on  07th Oct it attacked the mentioned down side target of 202-192 (made low 194.20) not only that from there it bounced backed and as on yesterday it made high 220.

 what next ? 

Now face resist 223-226

But trade and stays above that  next upside target 245--255

otherwise  once again down side target 202-192

Ambuja Cements

AMBUJACEM (216) - Resistance 217-222
But trade and stays above that 
next upside target 237--244
with in between resist at 230