Page 5 - Senior Technical News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Shares of multibagger Bharat Heavy Electricals Ltd (BHEL) hit their 52 week high in early deals on Friday. With today’s rally, the PSU stock has risen 254% in a year and gained 427% in two years. The multibagger stock, which closed at Rs 53.8 on April 28, 2022 climbed to a 52 week high of Rs 283.40 on BSE today. It is trading in the overbought zone, signals relative strength index (RSI) of BHEL stock which stands at 72.8.  Investors and traders are bullish on the stock as BHEL shares are trading higher than the 5 day, 10 day, 20 day, 50 day, 100 day and 200 day moving averages. 

For Monday, an analyst from a domestic brokerage has assigned 'Buy' calls for HUDCO, Deepak Nitrite and City Union Bank shares. Check details.

This week, investors will closely watch the quarterly results of major companies, India’s infrastructure output, bank loan growth, deposit growth, and the US Fed interest rate decision.

Despite facing selling pressure from higher levels, the BankNifty index managed to defend the crucial support at 48000.

The current market sentiment reflects strong bullish momentum, with aggressive buying seen on dips, indicating dominant buyer activity.