Buy BHEL on declines from investment view: Nirmal Bang
Nirmal Bang Securities has recommended investors to buy shares of BHEL on declines from an investment perspective.
By ET Bureau |
MUMBAI: Nirmal Bang Securities has recommended investors to buy shares of BHEL on declines from an investment perspective.
“Buy on decline from an investment view, stop loss can be placed at 2365. The structure has given a breakout from triangle pattern on weakly chart with good volumes. Strong support is seen at 2400-2380 levels and on higher side if maintains above 2470 then next level can be 2680 in the coming days,” said the brokerage firm.
Shares of the company were trading at Rs 2444, higher by 0.65 per cent or Rs 15.90 on the NSE.
“Buy on decline from an investment view, stop loss can be placed at 2365. The structure has given a breakout from triangle pattern on weakly chart with good volumes. Strong support is seen at 2400-2380 levels and on higher side if maintains above 2470 then next level can be 2680 in the coming days,” said the brokerage firm.
Shares of the company were trading at Rs 2444, higher by 0.65 per cent or Rs 15.90 on the NSE.
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