Goverment of India has stated that defence requirements in India will be made by India and reduce any imports. This has seen a direct effect in companies working for the defence sector like
HAL
,
BEML
,
BEL
,
BDL
& so on.
BHEL has also seen it's fair share of buying in the last week with the news annoucement pushing all defence PSUs higher.
It touched a Intrday high of INR 39.15 on 14th August 2020. It's expected to make a recovery to INR 44.00
BDL
HAL
,
BEML
,
BEL
,
BDL
& so on. BHEL has also seen it's fair share of buying in the last week with the news annoucement pushing all defence PSUs higher.
It touched a Intrday high of INR 39.15 on 14th August 2020. It's expected to make a recovery to INR 44.00
BDL
Comment:
BHEL reached intraday high of 39.70
Comment:
BHEL made a high of 41.95 on Aug 21st.
Recovery is right on schedule.
Recovery is right on schedule.
Comment:
BHEL made a intraday high of 42 on Aug 28th Trading session.
Target is on schedule for september.
Target is on schedule for september.
Trade active:
BHEL has hit our reversal arc. Next few days will show the movement.
Trade active:
Still holding BHEL out for recovery. It has fallen from our estimated recovery trend. Will update in a few days.
Markets overall have taken a beating in the last few days.
Markets overall have taken a beating in the last few days.
Comment:
BHEL fallen to our support zone pivot.