Stock of the day : Bharat Heavy Electricals Limited For Target Rs.148 - Religare Broking Ltd
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Bharat Heavy Electricals Limited
* BHEL has ended a 2-month long consolidation phase with a noticeable surge in volumes.
* Formed a base above the support zone of short term moving average i.e. 20 EMA.
* Buoyancy in the other PSU majors is adding to the positivity.
* We thus recommend creating fresh longs in the mentioned zone.
BUY Bharat Heavy Electricals Limited BUY CMP 136.50; Range* 135-137; SL 131; Target 148
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SEBI Registration number is INZ000174330
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