Stock of the day: Buy Bharat Electronics Ltd For Taget Rs.104 - Religare Broking
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Bharat Electronics Ltd
* After the phenomenal surge, BEL has been trading with corrective bias for the last six months.
* Seeing recovery after forming a base around 90-97 zone for nearly 2 months.
* The recent surge in price combined with uptick in volumes indicates resumption of uptrend soon.
* We thus recommend creating fresh longs in the mentioned zone.
Technical Chart : Daily
Buy Bharat Electronics Ltd CMP 97.55; Range 96-98; SL 94; Target 104
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