Business: Bharat Heavy Electricals Share Price Today: 27 September at 1:01 pm, Bharat Heavy Electricals shares are trading at ₹ 288.5, up 2.8% from its previous close. Sensex is trading at ₹ 85,616.25, down -0.26%. The stock touched a high of ₹ 290.75 and a low of ₹ 284.5 during the day.
Technically, the stock is trading above the 5, 10, 20 300-day SMA and below the 50 100-day SMA. The stock finds support at 5,10,20,300-day SMA and faces resistance at 50,100-day SMA. The SMA values for the stock are presented below:
Simple Daily Moving Average
5,273.97
10,269.33
20,274.62
50,292.40
100,294.82
300,258.29
Classic reversal level analysis shows that the major resistance levels for the stock are Rs 283.37, Rs 286.03 and Rs 288.77 and the major support levels on the daily 0.57 time frame are Rs 277.97, Rs 275.23 and Rs 272. Today at 1:00 PM, the trading volume of Bharat Heavy Electricals on NSE and BSE was 114.81% higher as compared to the previous trading session. Trading volume and price are an important indicator to study the trend. Positive price movement on high volume indicates continuation of the bullish trend, while negative price movement on high volume may indicate further price decline.
Overall, as per Mint’s technical analysis, the stock is showing clear signs of trend reversal after the fall.
From a fundamental perspective, the company’s ROE is 1.16%.
The stock has a predicted 1-year average growth of 20.10% with a price target of £230.50.
As per June quarter data, the company has 63.17% promoter stake, 8.96% MF stake and 9.10% FII stake.
