Stock Picks

30th December, 2014 - Trade Setups

i) BHEL
BHEL Daily Chart
On the daily chart, BHEL looks in a downtrend. There is a shorting opportunity below 250 with a stoploss at 254 and targets of 242/240. Near 240 levels, one can initiate a BUY with stoploss of 235 and positional targets of 250/255+

ii) Gulf Oil
Gulf Oil Daily Chart
Gulf Oil is in a strong uptrend and the rise is expected to continue above 166. One can go long above 166 with stoploss of 158 and positional targets of 184+

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