BHEL - FIIs seem to have made "BHEL PURI" out of it!

The 'chat wala', while making "bhel puri" first puts all the ingredients & then makes a full circle using a stirrer. Is that what FIIs did with BHEL?

Monthly chart shows take off from 2516 to 2712 and then a full circle back to 2516. The key is this month's value area is higher than last month's value areas.

Weekly Chart shows strong supports in the 2500-2510 region. There is a very good possiblity of bounce to weekly VAL of 2560 or VWAP of 2572

Board Meeting – 29-Oct-2010

Quarterly Results