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BHEL

Discussion in 'Technical Analysis' started by srspriya06, Apr 23, 2013.

  1. srspriya06

    srspriya06 Active Member

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    W Pattern has formed. Can buy @ cmp with target of 207 and stoploss of 175. Wats ur view?
     
    srspriya06, Apr 23, 2013
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  2. shabbir

    shabbir Administrator Staff Member

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    Well spotted and there is a Solid W as well.
     
    shabbir, Apr 23, 2013
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  3. kommallpaatil

    kommallpaatil New Member

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    But shabbir sir,
    bhel is in downtrend. Then how can we buy it???
     
    kommallpaatil, Apr 25, 2013
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  4. srspriya06

    srspriya06 Active Member

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    yes u r right. It is in downtrend. But it forms clear "W" pattern . Can make some profit.
     
    srspriya06, Apr 25, 2013
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  5. shabbir

    shabbir Administrator Staff Member

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    There are signs of trend reversal with a Solid W being formed.
     
    shabbir, Apr 25, 2013
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