Monday, May 2, 2011

BEL:-A MultiBagger,Buy/Sell/Hold,Growth Pospects and Recomendation,News and Results,Target Price and Analysis,Views and Outlook




BEL closes  at 1831.15 with a gain  of +01% on 29 April 2011 with formation of Bearish Black Candle on Daily  Price Chart. Technically, BEL is ready to move upward from these levels. F&O Data making it Bullish in short-term. Major Momentum indicators are now gaining strength on daily price chart.Swing 350 is moving upwared. PIR daily is crossing the weekly PIR. Spearman has given positive-crossover on charts.
We Recommend to  Buy – BEL at CMP/ Lower level
Target- 1930/1947
Stop-Loss - 1816
Time Frame- 20 Trading Days
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The recommendations made herein do not constitute an offer to sell or a solicitation to buy any of the securities mentioned. No representations can be made that the recommendations contained herein will be profitable or that they will not result in losses. Readers using the information contained herein are solely responsible for their actions. Information is obtained from sources deemed to be reliable but is not guaranteed as to accuracy and completeness. The above recommendations are based on the theory of Technical Analysis and do not reflect the fundamental validity of the Scrip. www.niftynext..com does 't take any Responsibility for any losses arising from using the Stocks Recommendations.
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