Published on 14/11/2017 12:44:55 PM | Source: Religare Securities Ltd

Sell Bharat Heavy Electricals Ltd For Target Rs.84.00- Religare Sec

Posted in Broking Firm Views - Short Term Report | #Bharat Heavy Electricals Ltd #Engineering Sector #Trading Report #Religare Securities Ltd


Bharat Heavy Electricals Limited

After a decent recovery from the support zone around 82, BHEL failed to capitalize on those gains and witnessed stiff resistance around 100. It made few attempts but in vain and slipped strongly thereafter. Traders can use any bounce in the given range to initiate fresh shorts.

 

 

Recommendation

SELL BHEL Ltd  FUTS @ 91-92 Stoploss 95 Target 84 CMP 89.70.

 

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