Active Stocks
Thu Apr 18 2024 15:59:07
  1. Tata Steel share price
  2. 160.00 -0.03%
  1. Power Grid Corporation Of India share price
  2. 280.20 2.13%
  1. NTPC share price
  2. 351.40 -2.19%
  1. Infosys share price
  2. 1,420.55 0.41%
  1. Wipro share price
  2. 444.30 -0.96%
Business News/ Money / India Infoline puts BUY on BEML
BackBack

India Infoline puts BUY on BEML

India Infoline research team

India Infoline puts BUY on BEML

Premium

The stock has seen a severe correction from a high of Rs1,852 in December 2007 to a low of Rs280 in November 2008. This was a panic bottom and the stock has rallied without a retest of this low.

On the weekly chart, the price movements appear to have formed a higher bottom formation. After breaking out from the top of a trading range, the stock is now consolidating at higher levels.

Traders can BUY the stock between the levels of Rs915-935 with a stop loss of Rs905 for a short-term target of Rs965 in the coming trading sessions.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Published: 09 Jun 2009, 09:43 AM IST
Next Story footLogo
Recommended For You

Wait for it…

Log in to our website to save your bookmarks. It'll just take a moment.

Yes, Continue

You are just one step away from creating your watchlist!

Login Now

Wait for it…

Oops! Looks like you have exceeded the limit to bookmark the image. Remove some to bookmark this image.

Your session has expired, please login again.

Yes, Continue
Switch to the Mint app for fast and personalized news - Get App