Sell BHEL on rally, says Sudarshan Sukhani

Aug 12, 2013, 12.29 PM IST

Sudarshan Sukhani of s2analytics.com feels that Bharat Heavy Electricals (BHEL) may touch Rs 110-112 and advises selling the stock on rally.

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Sudarshan Sukhani of s2analytics.com feels that Bharat Heavy Electricals (BHEL) may touch Rs 110-112 and advises selling the stock on rally.

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Sell BHEL on rally, says Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com feels that Bharat Heavy Electricals (BHEL) may touch Rs 110-112 and advises selling the stock on rally.

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Sudarshan Sukhani of s2analytics.com told CNBC-TV18, " Bharat Heavy Electricals (BHEL) was at Rs 200 few weeks ago. It is still going to Rs 110-112 which is a short-term target is on the downside. A rally today in BHEL is a short selling opportunity, it is a pity but that is how I would look at the charts."

The share touched its 52-week high Rs 272.45 and 52-week low Rs 112.10 on 05 October, 2012 and 06 August, 2013, respectively. Currently, it is trading 57.06 percent below its 52-week high and 4.37 percent above its 52-week low. Market capitalisation stands at Rs 28,636.92 crore.

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