BHEL : Down turn to be continued inspite of increase in net profit by 21%

BHEL is around it tripple bottom situation at 197 and if it rebounds at this levels and sustains above 198 then we can see it around 230 but there are very thin chances for it to revive. As i had recommende it to sell one month earlier around 230 level and my view is still bearish and i expect it to go down to 170 levels. Profit or results what so ever is I do'nt care about it as i consider price discount everything and it happened in BHEL. All the good news have been discounted in BHEL and it has sustained itself in downturn of the market buy technically the structure of the stock is week and more downside is in the way.On weekly charts RSI it is trying to go in oversold zone which signals the strength of the bearish trend in stock and strong sell can be recommended. So if you find it around 210-15 sell for target of 170 with stoploss above 230.