BHEL can go to 2600: Devang Visaria

Devang Visaria, Chief Strategist, devangvisaria.com, in a chat with ET Now talks about BHEL.

You have a buy recommendation on BHEL. What are your target and duration for the same?

BHEL has underperformed the other capital goods segment and we are looking for a breakout on BHEL. So we are looking to trade long on this one with stop of 2415. On the upside we could look for targets of 2600 with a 4 or 5-day horizon.