2024-10-18 11:05:04 am | Source: Religare Broking Ltd
Stock of the day : Bharat Heavy Electricals Ltd For Target 08 - Religare Broking
Bharat Heavy Electricals Ltd
* BHEL has been under pressure delivering negative trend for a long stretch
* Stock nearly top-out, forming multiple resistance at its long-term moving average.
* Recently, it has given a fresh breakdown from right shoulder range of its head and shoulder pattern, which is negatively biased.
* Traders are recommended to participate with negative bias via buying PUTs in the mentioned range.
Buy Bharat Heavy Electricals Ltd CMP 3.45 Range 2.5-3.5 SL 01 Target 08
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