BHEL - 18th Dec

Today's Opening - 168

Today's High - 168

Today's Low - 165

Today's Closing - 167

Lowest closing since 14th Feb, 2014.

The 20-day Commodity Channel Index continues to remain negative since 29th Oct.

The 10-day Rate Of Change continues to remain negative since 29th Oct.

The 12, 26-day Moving Average Convergence Divergence continues to remain negative since 29th Oct.

The 2-day Relative Strength Index has been below 50% since 29th Oct.

The closing has once again been below the 5-day Exponential Moving Average level today.

The stock is trying to consolidate at 164 before making fresh lows. I'd mentioned in my post on 4th Dec regarding the downward trend of the stock. Keep accumulating on dips. The stock might continue to fall with support coming only at 146.

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