BHEL: Rs 1989 - Oversold Oscillators: The combination of medium and long term signals in oscillator (stochasitc) is showing oversold signals. This is a positive sign suggesting that the downsides to this stock may be minimal from current levels.

Momentum Indicators showing Positive Divergence: The medium/long term momentum (MACD) indicator has moved up in the last three months and has made a higher bottom. Price wise though, this stock has made a lower bottom in the same time period. This indicates a positive divergence. Such a divergence is generally a precursor to a sustainable rally and thus a trend reversal for the medium term.

Technical Commentary/ Observation : The trend of BHEL is showing bearish fatigue. Momentum oscillators and indicators are indicating strength from a medium term perspective. This is likely to lift the stock price. Existing investors can hold on to their positions as the downsides look negligible. New investors can consider accumulating this counter at current levels.

JAIPRAKASH ASSOCIATES: Rs 87 - Price Breakout post Consolidation: This stock has witnessed a consolidation phase over the last few weeks. The price movement in the last few days suggests of a breakout from this consolidation phase indicating higher prices in the coming days.

Positive Divergence in Momentum Indicator: The medium/long term momentum (MACD) indicator has moved up in the last three months and has made a higher bottom. Price wise though, this sector has made an equal bottom in the same time period. This indicates a positive divergence. Such a divergence normally occurs before a sustainable rally and thus it could lead to a trend reversal for the medium term.

Technical Commentary/ Observation : The price breakout from the consolidation along with the strength in momentum indicators augurs well for this stock from a medium term perspective. Existing investors can hold on to their positions and new investors can mull over buying this stock at current levels.