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2026-01-01 10:52:31 am | Source: Religare Broking Ltd
Stock of the day : Bharat Heavy Electricals Ltd by Target Rs. 306 - Religare Broking Ltd
Stock of the day : Bharat Heavy Electricals Ltd by Target Rs. 306 - Religare Broking Ltd

Bharat Heavy Electricals Ltd

Buy Bharat Heavy Electricals Ltd CMP 287.45 Range 286-288 SL 278 Target 306

* BHEL’s chart indicates a bullish continuation pattern, marked by an upside breakout accompanied by notable volume expansion, confirming strong participation and accumulation.

* The stock has rebounded decisively from its base and is trading firmly above key short- and long-term moving averages, reflecting strengthening momentum.

* The overall technical structure remains constructive, implying the prevailing uptrend is intact.

* Corrective declines are likely to attract buying interest, supporting long positions on pullbacks ahead.

 

 

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