Sunday, May 19, 2013



BHEL being one of the defensive stock and looks good at current valuation, one can go long at CMP. Earlier also we recommended to have the stock as portfolio stock.

Stock gave a trend line break out yesterday closing above 201.
One can buy the stock at CMP for targets of 216/233.
Market is waiting for Q4 results on 23rd May 2013. If results are good then stock may see more higher levels.

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