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BHEL - broke and sustaining important weekly level of 57.15BHEL - broke and sustaining important weekly level of 57.15, Good volume also seen on daily chart Entry – CMP or around 60 (if Pull back happens) Stop loss – 50.35 (Trailing Stop 58.7 after Price gives a run up) Target 1 - 103.45 Target 2 - 195.7 Duration - 2-4years Small resistance around 59.6 (Crossed and Sustained) Strict Trailing Stop loss will be required for this stock, going forward. All numbers are *weekly*based Company is engaged in custom equipment manufacturing. Co has lost lots of contacts in past hence same is trading at very cheap discount. PB - 0.82x Debt - 0.18x Since Co is struggling in their top line there bottom line has also struggled. This is pure technical call. If stock managed to cross the mentioned level then a lot of upside is possible. Volume Accumulation is seen in last 9-10 months. Disc. : Views Shared for Education Purpose only. Consult your Financial Advisor before taking any position.
NSE:BHELLong
by SagirKazi
PNB – Accumulation Phase with Volume wait for breakout.Entry – above 42.55 only (else Stock is in Sideways Trend) Stop loss – 33 (Trailing Stop 39.5 after Price gives a run up) Target 1 – 59.7 Target 2 – 85.4 Duration – 1-2years Fundamentally, No one knows how to value Public sector Banking Stock. And PNB had a Bad history with Nirav Modi Case. So No one knows Quality of Loan book. Technically, Good Accumulation is seen in this script around 33 to 39 levels. However selling Pressure seen around 42.55 Disc. : Views Shared for Education Purpose only. Consult your Financial Advisor before taking any position.
NSE:PNB
by SagirKazi
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