Wednesday, August 26, 2015

TECHNICAL ANALYSIS OF BHEL & DAILY CHART

YESTERDAY’S ONGC HIT FIRST  TGT 225 MADE LOW OF 223!!!!!!!!!!!! 
FUTURE :
“BULLISH BHEL ABOVE 238 TGT  245/250” 
“BEARISH BHEL BELOW  233 TGT 227/222”
DAILY CHATS

















After showing correction from the higher level, now stock is trading in short term recovery phase, it is likely to continue the upside move in near term with the crossing of the resistance level of 240 as the stock is managing to sustain above the level of 241. One may get the targets of 245/250.
DAILY AND WEEKLY SUPPORT AND RESISTANCE FOR ONGC
Daily
Level
R5
R4
R3
R2
R1
BULL
LOC
BEAR
S1
S2
S3
S4
S5
304
285
266
255
248
241
233
225
218
211
199
181
162

Weekly
R3
R2
R1
REVERSAL
BULL
LOC
BEAR
REVERSAL
S1
S2
S3
Levels
283
267
257
244
241
237
234
231
218
 208
198
SIMPLE MOVING AVERAGES
Days
BSE
NSE
30
270.46
270.58
50
264.13
264.24
150
255.35
255.47
200
256.60
256.72


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