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Wednesday, April 16, 2014

16-4-2014 - BHEL



            BHEL has given a breakdown, with a big 3.3 % red down bar. BHEL has closed at Rs. 173.10 /-. It has not only given a break down in price but also given a breakdown in the RSI indicator also. Please refer the chart below for better understanding. One can initiate
a short position in this stock for the targets of Rs. 169 /- and Rs. 165 /-. A strict Stop Loss must be maintained at Rs. 177 /-



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