BHEL
POSSIBLE TARGET 2500...

In this month of December BHEL formed a 3 wave corrective wave pattern, the fall from 2668 to 2333 is the Wave A and from 2333 to 2528 is correction of the fall from 2668-2333 is Wave B and the fall from 2528 to 2232 is the Wave C. And i feel that Wave C is terminated at 2232 if it so then i put my target for this stock at 2500. Daily CCI is giving buy signal, the very strong support for this stock is 2155 which is the 200DMA. And the worst thing for this stock is that it is still trading below its 6 month supporting trendline, as long as it dont cross the supporting trendline then 2232 and 2150 will be tested.