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Ashish Ghosh is a NCFM certified research analyst for the global and Indian financial markets. With more than 15 years of experience in the capital market, Ashish has been published in high-profile online media regularly. He holds a B.Sc. in Math along with NCFM certification for Technical and Fundamental analysis. Presently, he is working with iForex as a financial analyst/content writer since 2017, analyzing mainly the global and Indian markets. You can reach him for professional levels trading ideas or signals through Gmail/telegram ID: ashishghoshjpg/asisjpg

Friday, 8 April 2016

Bhel: Despite Better Q4 Order Flow & Execution, Need To Sustain Above 122-125 For Further Rally

Technically, Bhel (CMP: 119) need to stay over 122-125 zone for 135-152 area; otherwise, it may face selling pressure after nearly 35% rally from the recent bottom (around 90) and sustain below 115-112, it may again fall to wards 105-90 area in the near term.

Trading Idea: Bhel

CMP: 119

Either sell below 122-125 or on rise around 135-148;

TGT: 112-108-105*-99-93-88*-83-70 (1-3/6M)

TSL> 152

Note: Consecutive closing (3 days) above 152 for any reason, Bhel may further rally up to 175-188 & 198-222 in the near term (alternative bullish case scenario).


Analytical Charts:








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