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Monday, May 12, 2014

12-5-2014 - BHEL



            BHEL is in an uptrend and has given a clear break out today with conviction and with a decisive UP bar and closed at 197.95. As we are approaching the result day, the volatility will rise and one has to be a bit cautious. But as we always mention, all the breakouts are worth trading. ( as we have recommended HDFCBANK yesterday, please refer yesterday’s post ). One can initiate
a long position in BHEL at CMP. The targets can be set at 206 and 214. A strict Stop Loss must be maintained at 190.



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