Bharat Heavy Electricals Share Price Today on
On the technical front, the stock is trading above the 5,300 days SMA & lower than the 10,20,50,100 day SMA. The stock will have support at 5,300 days SMA & face resistance at 10,20,50,100 days SMA
The SMA values for the stock are given below :
Days | Simple Moving Average |
---|---|
5 | 264.58 |
10 | 273.32 |
20 | 270.45 |
50 | 285.30 |
100 | 293.61 |
300 | 262.92 |
The classic pivot level analysis shows that on a daily time frame, the stock has key resistances at ₹273.07, ₹276.18, & ₹278.47, whereas it has key support levels at ₹267.67, ₹265.38, & ₹262.27.
Till 4 PM today, the volume traded on NSE & BSE for Bharat Heavy Electricals was -44.81% lower than the previous trading session. Volume traded is an important indicator along with price to study trends. Positive price movement with higher volume suggests a sustainable upmove, and negative price movement with higher volume might be an indication of further decline in prices.
Overall, as per Mint technical analysis, Though the stock is showing signs of bottoming out, investors should exercise patience and await confirmation of a bullish short-term trend for a confirmed reversal..
From a fundamental analysis perspective, the company has a ROE of 1.16%
The median 1-year forecasted upside in this share is at 14.38% with a target price of ₹231.00.
The company has a 0.00% promoter holding, 8.32% MF holding, & 9.48% FII holding as per filings in the september quarter.
The MF holding has decreased from 8.96% in june to 8.32% in the september quarter.
The FII holding has increased from 9.10% in june to 9.48% in the september quarter.
Bharat Heavy Electricals share price down -0.53% today to trade at ₹269.8 while its peers are mixed. Its peers such as Suzlon Energy are falling today, but its peers Voltas, Thermax, Blue Star are on the rise. Overall, benchmark indices Nifty & Sensex are down -0.14% & -0.28% each respectively.
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