#22 Stock Updae: Its Morning for "BHEL"

Capital good sector had seen too much ups and down last year but state run BHEL is expected to give some handsome returns to short term investors.Technically stock has taken support at important level of 100 SMA. Few of the indicators have also seen some turn-around characteristic for the stock. We could even notice a “Morning Star” pattern for the stock which is a bullish sign. We recommend to buy BHEL near to 285 (price at 2:40:00pm) with stop loss of 278 and tgts 291/296/301/306

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