2050-2100 is a decent support for BHEL: Ashwani Gujral
"BHEL, it is in bit of a range out there. 1900 to about 2500, although it failed at higher levels, so I do not think it is likely to move higher contrary to the market."
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| Updated: Ashwani Gujral, Chief Market Strategist, ashwanigujral.com in an interview with ET Now talks about BHEL.
How does BHEL look on the charts?
BHEL, it is in bit of a range out there. 1900 to about 2500, although it failed at higher levels, so I do not think it is likely to move higher contrary to the market. In case the market would have moved higher, BHEL would have outperformed but now 2050-2100 is decent support of that phase.
Then you could see 1900 but at dips, you start buying stocks like BHEL and keep adding 50 points lower.
How does BHEL look on the charts?
BHEL, it is in bit of a range out there. 1900 to about 2500, although it failed at higher levels, so I do not think it is likely to move higher contrary to the market. In case the market would have moved higher, BHEL would have outperformed but now 2050-2100 is decent support of that phase.
Then you could see 1900 but at dips, you start buying stocks like BHEL and keep adding 50 points lower.
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