The Bharat Heavy Electricals Limited (BHEL) closes below its 200 weekly moving average for the week ends on Feb 25, 2011. It also forms Bearish Engulfing in the weekly Candlestick charts. For more than 2 years the stock was trading in a range bound between 2,000.00 to 2,574.00. For the same period Nifty was trading in the upside trending range bound. On Friday the stock has created its 52 weeks low of 1,961.00.
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