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Drumbeat: Ad Buzzaar
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Tuesday, July 21, 1998
Bhel: Anattractive buy at Rs 240
K Seshadri
Bharat Heavy Electricals Ltd (Bhel) is under reaction. The RSI has not yet triggered its sell line. From the pattern seen in the graph the scrip offers a wonderful opportunity to pick it up at Rs 240. Place a stop-loss at Rs 229, which is a strong support level. Conservatives may even wait to see if they can pick it up at Rs 229. But looking to the recent high volume pick ups here, it is doubtful if it would indeed go down to that level.Copyright © 1998 Indian Express Newspapers (Bombay) Ltd.
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