BHEL IS A BUY when it triggers 171 on spot and we could see levels 174 and 178 this would be under an ideal condition of a rising market, the stock is very close to its High ema and once it crosses it then the trend is clearly up, if it falls further from 170 level then we shall see 168 and 163 levels on spot. The stop loss would be 170 for buy and 171 for sell.
Larsen N Tubro is now close to its high ema too and we could see it cross this if the result pans out well, failing which we could see 950 or even lower levels. Hence my call earlier in the day explains the position well.
The stock is a buy over 1007 and could see 1012 and 1021 on spot and stop loss of 1005.If it goes below 997 we could see 994 and 987 on a normal case if the results are below expectations then we could see a lower level.The stop loss for this is 1004 on spot.
Do note all these figures would hold in an ideal market scenario but then with the results due....one needs to be very careful.Both are going to come out with results which can be broadly based as neutral or negative.