BHEL Analysis -- BHEL has been one of the beaten-down stock in PSU universe. The stock has taken support in the zone of 41-42 multiple times over the past 3 months indicating that a strong base is formed around this zone and breaching this zone is difficult considering the Govt's proposal to disinvest some stakes and/or monetizing the assets in PSU's we can see huge value unlocking in BHEL over the course of time.
Technical Analysis -- Per data available in NSE, there has been study raise in trading volumes/ delivery and OI increase at current levels indicating that the downside would be limited and the upside is huge favoring the bulls.
Conclusion -- Basis the above analysis - One can make this stock as a portfolio basis the risk appetite.
Technical Analysis -- Per data available in NSE, there has been study raise in trading volumes/ delivery and OI increase at current levels indicating that the downside would be limited and the upside is huge favoring the bulls.
Conclusion -- Basis the above analysis - One can make this stock as a portfolio basis the risk appetite.