BHEL - 4th Dec

Today's Opening - 167

Today's High - 170

Today's Low - 166

Today's Closing - 168

Lowest closing since 5th March, 2014.

The 20-day Commodity Channel Index has been negative since 29th Oct.

The 10-day Rate Of Change has been negative since 29th Oct.

The 12, 26-day Moving Average Convergence Divergence has been negative since 29th Oct.

The 2-day Relative Strength Index has been below 50% since 29th Oct.
The closing has been below the 5-day Exponential Moving Average level for the past two days.
Overall, 213 was a very crucial support level for the stock and since that was taken on 29th Oct, things have only gone from bad to worse.


The stock might continue to fall with support coming only at 146 and look at every rise (if any) till 213 as a profit-booking opportunity.

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