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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