Please wait till August 31st till you take any decision on BHEL
We can see that the stock has tested Rs 633 level three times. It is not bullish at all. It will go down in a few days.
Nifty: Monthly range 11350-10725 Weekly support 11050 resistance 11350/11475/11750 Daily support 11000/10850 resistance 11300 Hourly Butterfly at 11025, if it fails to hold then 10900 likely. Bank Nifty: 21000 crucial level for any attempt to bounce/reverse back for 22700 and above that rally till 23750-24000
Axis bank are show negative divergence.price is moving up but RSI going down.and it will be came upto his support@406 with following sl@447
After bull rally now in retracement phase and bull run yet to resume.
breakout successful and i think today was pull back and 2moro might be green day.
Below 10850 we can see more speed in the correction.
I THINK PRICE WILL MOVE HIGHER SINCE THERE IS BIG BULL RALLY AND NOW IN SIDEWAYS , AFTER THIS ZONE BREAKOUT PRICE MAY MARCH HIGHER AND KEEP IN MIND THAT 4396 MAY ACT AS RESISTANCE.
Escorts is very strong on monthly , weekly and daily charts. it is forming a triangle pattern right now. although it had not shown a breakout yet , but it may soon do . Keep an eye on the stock.