Bhel is Respecting 200 MA usually and when it cross then its give some move about to 4-10 ruppes now the same thing happen yesterday...
Do not Expect too much from bhel Buy with stoploss of 71.
And Target would be 76-78-83 Max till Budjet
1 : As Axisbank this stock is hold its strength but from last 10 days it is not able to cross 430 which is 23rd May.
2 : As well Near short Term indicator are nagative
3: as well as Market is not supporting the structure and huge rally
IRB Infra :
When we expecting Capital goods and Infrashare will perfome due to Modi 2.O and as LT is showing strong Buying intrest from all over .. I belive the IRB will be best candidate to look for..
More over as per Technical..
1 - In IRB now currently in buying zone....105-110 when ever IRB comes in this zone RSI and Volume is not supporting next down move...