Stock Picks : Bharat Heavy Electricals Limited And FirstSource Solutions Limited By Religare Broking Ltd
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Bharat Heavy Electricals Limited (BHEL)
Buy Bharat Heavy Electricals Limited CMP 155.6 @154-156; Target 175; Stop Loss 144
TECHNICAL RATIONALE – BHEL has been trading in a steady uptrend after the consolidation breakout in July 2023. It has recently surpass the hurdle of the previous swing high around 149 levels with noticeable volumes which indicates the prevailing trend to continue. Traders can consider accumulating fresh in the mentioned range.
FirstSource Solutions Limited
Buy FirstSource Solutions Limited CMP 168.8 @168-170; Target 185; Stop Loss 162
TECHNICAL RATIONALE – FSL has been consolidating within 155-175 zone for the last two months, taking a breather after the recent surge. It is currently hovering around the upper band of the range and likely to witness breakout from the same soon. We thus recommend using this phase to create longs in the given zone.
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SEBI Registration number is INZ000174330
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