BHEL looks weak: Ashwani Gujral, Market Strategist
BHEL has started weakening recently and probably may continue to head lower.
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| Ashwani Gujral, Chief Market Strategist, ashwanigujral.com, in a chat with ET Now talks about BHEL.
What is the call on BHEL?
BHEL has started weakening recently and probably may continue to head lower even if the market goes up. It was holding onto this 2100 support for a long time and now it started trading consistently below it. So do not know what the news is but it could go as low as 1930 and maybe test the gap of about 1820.
So BHEL looks a weaker stock than L&T right now. It is already done and dusted and it has had its correction. BHEL may be starting one.
What is the call on BHEL?
BHEL has started weakening recently and probably may continue to head lower even if the market goes up. It was holding onto this 2100 support for a long time and now it started trading consistently below it. So do not know what the news is but it could go as low as 1930 and maybe test the gap of about 1820.
So BHEL looks a weaker stock than L&T right now. It is already done and dusted and it has had its correction. BHEL may be starting one.
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