Archive · 7 Oct 2026
Analysts Recommend Buying BHEL, Motilal Oswal and Ramkrishna Forgings
The article looks at three companies whose shares have recently shown signs of strength.
It says Motilal Oswal Financial Services has moved above resistance levels and is trading above several moving averages.
Ramkrishna Forgings has been making higher highs and lows and stayed above an earlier breakout level.
Bharat Heavy Electricals has moved above a resistance level and reached a reported all-time high of Rs 453.
The analysis also points to trading volumes and momentum indicators as signs of strength.
It recommends buying, holding or accumulating all three shares.
It gives a target price range and a stop-loss level for each one.
These are the article's market views, not guaranteed results.
Motilal Oswal Financial Services was rated Buy with a target of Rs 1,150–1,200 and a stop loss at Rs 1,030.
Ramkrishna Forgings was rated Buy with a target of Rs 770–790 and a stop loss at Rs 700.
Bharat Heavy Electricals was rated Buy with a target of Rs 470–485 and a stop loss at Rs 437.
The analysis cites breakouts, upward trends, moving averages, RSI readings and trading volumes as indicators supporting the recommendations.
The article identifies support zones of Rs 1,060–1,015 for Motilal Oswal, Rs 710–695 for Ramkrishna Forgings and Rs 444–430 for BHEL.
- Who
- The analysis covers Motilal Oswal Financial Services, Ramkrishna Forgings and Bharat Heavy Electricals.
- What
- It gives Buy recommendations, target prices, stop-loss levels and support zones for the three stocks.
- When
- The article refers to the current session and recent chart activity; it does not state a publication date.
- Where
- The article discusses the companies' stocks but does not specify a trading venue.
- Why
- The recommendations are based on technical indicators including breakouts, price trends, moving averages, RSI readings and trading volumes.
- Motilal Oswal Financial Services
- Buy; target Rs 1,150–1,200; stop loss Rs 1,030; support zone Rs 1,060–1,015.
- Ramkrishna Forgings
- Buy; target Rs 770–790; stop loss Rs 700; support zone Rs 710–695.
- Bharat Heavy Electricals
- Buy; target Rs 470–485; stop loss Rs 437; support zone Rs 444–430.
- BHEL resistance breakout
- The article says BHEL moved above the Rs 444 resistance zone and registered an all-time high around Rs 453.
- Ramkrishna Forgings breakout level
- The stock had remained above its prior Rs 680 breakout zone for five weeks, according to the article.
- Technical indicators cited
- The analysis cites moving averages, RSI, Bollinger Band signals and trading volumes.