BHEL share price prediction 2014

BHEL share price prediction 2014

BHEL stock daily chart analysis

BHEL stock on last trading session closed at 191.2 with gain. On daily chart stock price trend and momentum are strong bullish. Stock is moving higher with higher top and bottom cycle. From short-term view, BHEL has support at 182 and then 173. 173 is major average level and above it, strategy should be buy on dips. On upside 199 and 208 are strong resistances as well as targets for may series. Daily chart indicators patterns are bullish and suggesting recovery and then breakout ahead.

Traders above 173 keep buy on dips view with strict stop loss below 170 for target 199 and then 210. If election results come favorable then we may see 230-245 levels in May series on huge short coverings.

BHEL stock weekly chart analysis

BHEL stock this week is showing gains. On weekly chart stock price trend and momentum both are strong bullish. 158 rupee is major average support and above it, medium term trend as well as outlook will remain bullish for stock. On upside 224 and 255 are strong resistances as well as medium term targets, which are achievable in next 3 to 6 months if trend persist. On downside, 185 and 158 are strong support zones. Weekly chart indicators patterns are bullish and suggesting upside for prices in upcoming weeks.

Medium term traders and investors above 158 keep buy on correction and accumulation view with weekly closing basis stop loss below 150 rupee for target 224 and then 255.

BHEL stock monthly chart analysis

BHEL stock in last 6 month has given 42% returns to investors while market rallied only 10-11%. So clear outperforming stock and may continue ahead. From long-term view, 100-140 rupee was value buy zone, which was seen in 2013 while 50-rupee level is much undervalued level, which was last seen in late 2002. BHEL is one of the best and debt free company and must be in your long-term portfolio. On upside 255 is 12 month view target level and 350 rupee is 2 to 3 years view target level.

BHEL company description

Bharat Heavy Electricals Limited (BHEL) is an engineering and manufacturing company. The Company is engaged in the design, engineering, manufacture, construction, testing, commissioning and servicing of a range of products and services for the core sectors of the economy, including power, transmission, industry, transportation, renewable energy, oil and gas and defense. Its segment includes Power and Industry. It is a manufacturer of Power generation equipment, supplying a wide range of products and systems for thermal, nuclear, gas and hydro-based utility and captive power plants. It is also a manufacturer of a range of industrial systems and products. Products and systems supplied by the Company include captive power plants, centrifugal compressors, drive turbines, industrial boilers and auxiliaries, waste heat recovery boilers, gas turbines, pumps, heat exchangers, electrical machines, valves, heavy castings and forgings, electrostatic precipitators and seamless steel tubes.

BHEL stock fundamental ratios

Range185.60 – 191.95
52 week131.00 – 207.90
Mkt cap458.68B
Beta    –
Inst. own    –

The Author

Pramod Baviskar

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